Mark Berch:Mixed bag

EDGAR (Electronic Data Gathering and Retrieval)
The Securities & Exchange Commission uses Electronic Data Gathering and Retrieval to transmit company documents such as 10-Ks, 10-Qs, quarterly reports, and other SEC filings, to investors.

Fixed dates
In the Euromarket, the standard periods for which Euros are traded (one month out to a year out) are referred to as the fixed dates.

Stock Appreciation Rights
An incentive scheme for employees similar to stock options. The employee get the increase in the stock price from the date of the grant to the date of the exercise. However, in contrast to options, there is no dillutive effect. That is, no shares are issued. Similar to options, if the company's stock falls in value, the appreciation right is worthless.

Mark Berch:Benchmark error
Use of an inappropriate proxy for the true market portfolio.

Set up
Applies mainly to convertible securities. Arbitrage involving going long the convertible and short a certain percentage of the underlying common. Antithesis of Chinese hedge.

Indifference curve
The expression in a graph of a utility function, where the horizontal axis measures risk and the vertical axis measures expected return. The curve connects all portfolios with the same utility. Mark Berch

Inactive post
Trading post on NYSEfloor where inactive, lightly tradedstocks are traded in 10-sharelots as opposed to 100-share lots.