Restricted - Used in the context of general equities. Placement on a list which dictates that the trader may not maintain positions, solicit business, or provide indications in a stock, but may serve as broker in agency trades after being properly cleared. Placement on a restricted list is due to Investment bank involvement with the company on non-public activity (i.e., mergers and acquisitions defense), affiliate ownership, or underwriting activities; signified on the Quotron by a flashing R. A restricted list and the stocks on it should never be conveyed to anyone outside of the trading areas, much less outside of the firm. See: grey list.
Restricted : used in the context of general equities. placement on a list which dictates that the trader may not maintain positions, solicit business, or provide indications in a stock, but may serve as broker in agency trades after being properly cleared. placement on a restricted list is due to investment bank involvement with the company on non-public activity (i.e., mergers and acquisitions defense), affiliate ownership, or underwriting activities; signified on the quotron by a flashing r. a restricted list and the stocks on it should never be conveyed to anyone outside of the trading areas, much less outside of the firm. see: grey list.
Restricted