pegging
Definition 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.
Definition 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.
Definition 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.
Popular 'Commodities & Precious Metals Trading' Terms
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