mnemonic
mnemonic definition - finance
The
abbreviation that appears on the trading badges that individuals wear on the
floors of exchanges. The badge has a few letters that serve as a quick
shorthand when a trader needs to record the counter party to a trade. Mnemonic
badges are worn by stock, futures, and options traders. In a broader context,
mnemonics is the system of improving memory by using formulas.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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