trade for eights
v. phr.— «That was around the time the SEC brought charges against the brokers for the practice—called “trading for eights,” or flipping. But when the flipping case came to trial, the NYSE didn’t testify in the traders’ defense.» —“Big Board Wasn’t Always A Stickler On ‘Rules’” by John Crudele New York Post (New York City) Oct. 17, 2006. (source: Double-Tongued Dictionary)
You must log in to post a comment.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Snaggletooth (episode #1560) 01/11/2021: Many of us struggled with the Old English poem "Beowulf" in high school. But what if you could actually hear "Beowulf" in the English of... [more]
Like a Boiled Owl (episode #1559) 12/21/2020: What's it like to hike the Pacific Crest Trail all the way from Mexico to Canada? You'll end up with sore muscles and blisters, and... [more]
Your Two Cents (episode #1558) 12/07/2020: Astronauts returning from space say they experience what's called the overview effect, a new understanding of the fragility of our planet and our need to... [more]
Sock it to Me (episode #1557) 11/16/2020: In the 15th century, the word respair meant "to have hope again." Although this word fell out of use, it's among dozens collected in a... [more]
Good Vibrations (episode #1556) 10/26/2020: Asthenosphere, a geologist's term for the molten layer beneath the earth's crust, sparks a journey that stretches all the way from ancient Greece to the... [more]
Is this trading for “eights”, or rather trading for “eightHs”? Remember, just a few years ago, before going to pricing by the penny (or hundredths), stock prices were usually listed in eighths, or 12.5 cent increments.