pegging

Definitions (3)
Popular Terms
1. Commodities trading: Control by commodity exchanges of price fluctuations by tying the daily trading limits to the previous trading day's settlement (close) price.
2. Currency trading: Control of exchange rate fluctuations by a government through (1) tying a currency's value to the value of a stronger currency, (2) buying and selling own currency to increase or decrease its demand.
3. Securities trading: Manipulation of a new issue's market price by its underwriter through large purchases on the stockmarket. Similar manipulation of already issued securities is illegal.

Use 'pegging' in a Sentence

When you are investing in stocks or bonds it can be a good idea to use the pegging strategy to get a small edge.
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A lot of people have used a pegging technique to get some great deals on stocks and make some quick money.
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The stock broker started pegging on the price of Oranges as he say foresaw the instability of the market today.
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