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Q - When the fifth letter of a NASDAQ stock symbol is a
Q, the represented company is in bankruptcy proceedings.
Q Bond - An inverse floating rate collateralized mortgage obligation (CMO)
tranche.
Q Ratio - Ratio measuring the proportion of the market value of company
assets to the replacement value of company assets.
Qan Macs - Qantas Airways instruments issued by Macquarie Bank to allow
non- Australian investors to participate without violating foreign
ownership rules.
Quadratic Programming - Programming where the objective function is
quadratic instead of linear.
Qualified Covered Call - Covered calls that have a limited exemption
from the straddle rule as long as the options are not short term or
written in the money.
Qualified Financial Contract - Any security, futures or forward contract
that may be subject to collateral rules enforced by FDIC.
Qualified Opinion - An auditor's opinion letter of a financial statement
that includes the limitation and risks associated with the company.
Qualified Professional Asset Manager (QPAM) - An SEC registered
investment advisor who represents United States pension plans in certain
private placement transactions.
Qualitative Research - Analysis of prospects for future earnings; the
opposite of quantitative research.
Quality Option - Option that gives the seller a choice between
deliverables in Treasury Bond and Treasury Note futures contracts; the
swap option.
Quality Spread - The difference, or spread, in yields on securities that
are identical in all ways with the exception of their quality rating.
Quality Spread Differential - The difference in quality spreads at two
different maturities.
Quantitative Investment Management - A portfolio management style that
utilizes mathematical and statistical techniques to a single market
sector or to asset allocation.
Quantitative Research - Analysis of prospective investments that
utilizes mathematical and econometric models; the opposite of
qualitative research.
Quanto Note - An equity-linked note in which the percentage change of a
foreign equity is converted into the investor's domestic currency for
accounting purposes.
Quanto Swap - An equity swap that converts a percentage equity return in
a non-domestic equity into the base currency of the receiver to provide
currency protection.
Quantos - Options that allow buyers to purchase an asset and arrange for
payment in a different currency than the one the options are priced in.
Quarterly Index Expiration (QIX) - An index option series that expires
on the last business day of each calendar quarter.
Quick Assets - Current assets less inventory.
Quick Ratio - A measure of a company’s liquidity and financial strength;
computed by dividing the current assets less inventories by current
liabilities.
Quotation - Referring to general equities, highest bid and lowest offer
price available on a security at the given time.
Quote - The most recent purchase and sale price of a security or
commodity.
Quote Driven Market - A dealer market with prices determined by dealers
bid and offer quotes. Ex. NASDAQ. |
