SROP
Senior Registered Options Principal (SROP) is a general partner or an officer of an options trading firm. The purpose of a SROP is for the supervision of the client accounts’ options exposure and trading activity. SROPs are required to have accomplished the Series 4 exam. However, in June 2008, FINRA got rid of the requirement of SROPs in firms along with the requirement for the possession of Compliance Registered Options Principal (CROP). CROP oversees the regulatory compliance of the firm’s options and is sometimes a position filled by the SROP.
POPULAR TERMS
Financial Modeling
A method of constructing a financial representation of all aspects of a firm or given security. It is typically characterized by performing calcula ...
Cost Center
Department, division, or unit within an organization responsible for providing additional funding to cover operation costs. It only contributes to ...
Xenocurrency
Xenocurrency refers to a currency which is trading in foreign markets such as those outside its domestic boundaries.
Hope Credit
A nonrefundable education tax credit that may be claimed for students that have yet to complete two years of post-secondary education. The Hope Cre ...
Specific Risk
Specific risk is also known as ‘unsystematic or diversifiable risk’. It is the risk that influences only specific assets which means th ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
A Guide to Your Personal Income Tax: Last-Minute Moves
December 31 is fast approaching. The next thing you know you need to file your income tax return. So before you get swarmed by the hustle and bustl ...
Buying a Home: Getting Into the Escrow Process
You write an offer and the seller accepts it. Deal closed. It is about time to go through the escrow process. Why does a buyer need to undergo this ...
Ethical Investing: Leaving an Ethical Imprint
After selecting the rightful ethical investments and making it work, it is about to decide how to disburse your assets after you die. You have two ...
Student Loans: Repayment in Times of Financial Difficulty
One day, you are in the middle of a financial hardship. Unfortunately, you still have student loans to pay. What will you do? In times like these, ...
Student Loans: Federal Loans
Most of the students mull over the idea of maximizing the federal loan availability first before borrowing for college through a private loan. Norm ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Mar | |
| 02:30 | Tertiary Industry Index | Mar | |
| 02:30 | PMI Composite | Mar | |
| 10:15 | PMI Manufacturing | Mar | |
| 10:15 | PMI Services | Mar | |
| 10:15 | Composite PMI | Mar | |
| 10:15 | Composite PMI | Mar | |
| 10:30 | PMI Manufacturing | Mar | |
| 10:30 | PMI Services | Mar |
