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.
Dirty Laundry (#episode 1520) 03/11/2019: When you had sleepovers as a child, what did you call the makeshift beds you made on the floor? In some places, you call those... [more]
Keep Your Powder Dry (episode #1519) 02/25/2019: Jacuzzi and silhouette are eponyms — that is, they derive from the names of people. An Italian immigrant to California invented the bubbly hot tub... [more]
One-Armed Paper Hanger (episode #1518) 02/18/2019: The emotional appeal of handwriting and the emotional reveal of animal phrases. Should children be taught cursive writing in school, or is their time better... [more]
Hair on Your Tongue (episode #1517) 02/11/2019: If you speak both German and Spanish, you may find yourself reaching for a German word instead of a Spanish one, and vice versa. This... [more]
Train of Thought (episode #1516) 02/04/2019: Chances are you recognize the expressions Judgment Day and root of all evil as phrases from the Bible. There are many others, such as 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.