The website, www.thereformedbroker.com, claims to be an irreverent and insightful blog on Wall Street. Recently, it posted its own definitions of various financial terms. Here’s a sample:
Bonus: A form of extortion whereby employees of a company extract either shareholder or taxpayer money for their own pleasure regardless of the success or failure of the said company.
Derivatives: Trading...
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
