banging the close

23:07 May 8, 2016

This question was closed without grading. Reason: No acceptable answer

English to Serbian translations [PRO]
Bus/Financial - Finance (general)

English term or phrase: banging the close

Experts cite several techniques that traders allegedly used to manipulate the WM/Reuters Closing Spot Rates and ECB fix and, consequently, the prices paid for FX transactions. The three most commonly cited techniques are “front running," "banging the close," and “painting the screen."

“Banging the close,” which refers to aggressive buying or selling of currencies in the 60-second “fix” window, using client orders stockpiled by traders in the period leading up to 4 p.m.

Lillian Popmijatov KudoZ activity Questions: 216 (9 open) (11 without valid answers) (24 closed without grading) Answers: 50
Local time: 20:42

Summary of answers provided

4 -1

obavljanje mnogih (zavaravajućih) transkacija (tik) pred zatvaranje burze (ili: utvrđivanje cena)

LogosART

Summary of reference entries provided

"prasak pred zatvaranje" ("banging the close")

Vesna Maširević

Answers

19 hrs confidence:

peer agreement (net): -1

obavljanje mnogih (zavaravajućih) transkacija (tik) pred zatvaranje burze (ili: utvrđivanje cena)

Explanation:
ILI:
(manipulisanje tržištem) obavljanje(m) mnogih (zavaravajućih) transkacije (tik) pred zatvaranje burze (ili: pred utvrđivanje cena)

LogosART
Croatia
Local time: 20:42
Native speaker of: Dutch
PRO pts in category: 166

Reference comments

1 day 17 hrs peer agreement (net): +1

Reference: "prasak pred zatvaranje" ("banging the close")

Reference information:
U pitanju je relativno nov izraz koji označava jedan od (starih) oblika manipulacije na berzi - ispostavljanje naloga kupovine ili naloga prodaje neposredno pre zatvaranja tržišta u cilju manipulacije cenom na zatvaranju, odnosno preovlađujućom cenom.
Shodno tome, predlažem da ga ostavite u originalu, pod navodnicima (ili da originalni termin navedete bar u zagradi ili fusnoti)

http://www.cftc.gov/consumerprotection/educationcenter/cftcg...
Banging the Close: A manipulative or disruptive trading practice whereby a trader buys or sells a large number of futures contracts during the closing period of a futures contract (that is, the period during which the futures settlement price is determined) in order to benefit an even larger position in an option, swap, or other derivative that is cash settled based on the futures settlement price on that day.

http://www.professionaltradermentoring.com/flash-crashes/
“Banging the close” is another new term meant to describe when a trader puts orders into the market at the very end of the trading day with the intention of pushing the market one way or another. The trader’s purpose in “banging the close” is to make his position look better than it would have looked otherwise. The term “banging the close” may be new, but trying to push the market in a favorable direction at the end of the day predates all of us.

Vesna Maširević
Serbia
Specializes in field
Native speaker of:

Serbian,

Serbo-Croat
PRO pts in category: 84

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