dk meaning

A clearing house acts as an intermediary that reconciles the order between the transacting parties, transferring the securities to the buyer and the cash to the seller. The rules specify that any contract that has been DK'd by an opposing party or that has been deemed DK'd under the rules of service may be closed out by the party that submitted the contract without any notice during normal trading hours. This process can take several days or longer to complete after the original placement of the trade. If only the claiming party submits a comparison or confirmation, the other party can be notified and has four business days to respond.

What does DK stand for? "Don't know" is a trading expression used to describe a trade that cannot be executed because there is a discrepancy in the details of the trade. Brexit refers to Britain's leaving the European Union, which was slated to happen at the end of October, but has been delayed again. When firm X delivers the stock to firm XYZ, firm XYZ might reject the trade (DK it) if the terms of the delivery (price, quantity, or specific security) don't match their records, or if the trade is not on their records at all. The purpose of an exchange—such as the New York Stock Exchange (NYSE), Nasdaq, and the London Stock Exchange (LSE)—is to ensure an organized and efficient marketplace where buyers and sellers can trade financial instruments such as stocks, commodities, and derivatives. "global warming" In some cases, the trade may fail to clear entirely. This tactic is sometimes used as a dishonest move to get out of a trade when the market goes against the trader. Word(s) in meaning: chat  © 1988-2020, "Don't know (DK)" is a slang expression for an out trade that is used when there is a discrepancy in the details of a trade. ,random Occasionally, a party may use this tactic to get out of a trade when the market moves against them, which has been noted as an unscrupulous tactic in the financial sector. Top DK abbreviation meanings updated September 2020 There are many ways a trade can be noted as DK'd. Post-trade processing occurs after a trade is complete; at this point, the buyer and the seller compare trade details, approve the transaction, change records of ownership, and arrange for the transfer of securities and cash. When an exchange receives a DK'd trade, it cannot execute the trade because of contradictory information associated with the trade. A DK'd trade can result when one of the parties to a trade has a dispute or rejects a trade for any number of reasons. You can learn more about the standards we follow in producing accurate, unbiased content in our. The Securities and Exchange Commission (SEC) outlines rules of procedure when a trade is DK'd. https://www.sec.gov/pdf/nasd1/11000ser.pdf, Investopedia requires writers to use primary sources to support their work. A "don't know" trade happens when one of the parties disputes or rejects the trade due to any number of reasons, such as an inconsistency in the price or number of shares. These include white papers, government data, original reporting, and interviews with industry experts. DK: Direct Kick (soccer) DK: Double Kill (gaming) DK: Deutscher Kaiser (German Emperor) DK: Disbursing Clerk (USN rating) DK: Dread Knights (gaming clan) DK: Dragon Khan (roller-coaster, Spain) DK: Divine Knights (gaming clan) DK: Dishonorable Kill (gaming, World of Warcraft) DK: Directie Kunsten (Dutch: direction for fine arts) DK: Daichi Kuroda (Japaneses pop vocalist) Dk You've probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger." They may not have the trade in their records or there may be a discrepancy with the price, number of shares, or CUSIP number. NASA, https://acronyms.thefreedictionary.com/DK, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Djurslands International Institute of Rural Wireless Broadband. This includes a description of the security, the price at which the transaction was made, and any other specific phrases that help determine the details of the trade.. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Also known as a "DK'd trade," the expression refers to … "Don't know (DK)" is a slang expression for an out trade that is used when there is a discrepancy in the details of a trade. Clearing is when an organization acts as an intermediary to reconcile orders and funds between transacting parties. A settlement agent coordinates all paperwork and conditions required for the closing of a financial transaction. PSP, HIPAA Acronym Finder, All Rights Reserved. Examples: NFL, The Securities and Exchange Commission (SEC) provides certain rules and procedures for DK'd trades done on the Nasdaq stock market in its Uniform Practice Code. If they do not, then the claiming party has no further liability on the DK'd trade., A confirmation or comparison must include specific information outlined by the SEC. When a trader places an order to buy or sell a security, the settlement or completion of the trade does not occur automatically.

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