Fixed Income Jargon
Ok any definitions for the following related to the new issue process :
- “going subject”
- “in the grey”
- “free to trade”
- “on the break”
Thanks
Trending Content - Sales and Trading Forum
Career Resources
Going subject- No longer taking orders In the Grey- Banks that are NOT involved in the deal are allowed to make markets (do trades) on a deal before it goes "free to trade". Generally you don't see grey markets on deals until after the deal has a spread set and allocations have been released.
Free to trade- Banks that are on the deal are now able to make markets (do trades) on the deal On the break- Kinda the same as free to trade, basically the period right after the deal goes free to trade.
Voluptatem possimus optio possimus voluptas quas velit. Voluptatem voluptatem cumque sit sapiente voluptatem. Maxime enim qui ipsam minus facilis itaque dolore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...