Return to Glossary front

Go to Master Glossary index

K

Fifth letter of a NASDAQ stock symbol specifying it has no voting rights.

K.C.B.T.

See: Kansas City Board of Trade

K.L.C.E.

See: Kuala Lumpar Commodities Exchange

K.L.O.F.F.E.

See: Kuala Lumpur Options and Financial Futures Exchange

K.L.S.E.

See: Kuala Lumpur Stock Exchange

Kansas City Board of Trade (K.C.B.T.)

The US-based futures and options exchange for No. 2 red wheat futures and options, Value Line Index futures and Mini Value Line futures and options.

Kappa

The ratio of the dollar price change in the price of an option to a 1% change in the expected price volatility.

"Kick it out"

Used in the context of general equities. "Liquidate (sell a long/cover a short) a position without regard for price."

Killer bees

Often used in risk arbitrage. Those who aid a company in fending off a takeover bid, usually investment bankers who devise strategies to make the target less attractive or more difficult to acquire.

Kiretsu

A network of Japanese companies organized around a major bank.

Kuala Lumpur Commodities Exchange (K.L.C.E.)

The Malaysian commodity exchange for trading futures in crude palm oil, crude palm kernel oil, tin, rubber and cocoa.

Kuala Lumpur Options and Financial Futures Exchange (K.L.O.F.F.E.)

Established in 1995, the Kuala Lumpur Options and Financial Futures Exchange (K.L.O.F.F.E.) offers equity derivative products based on underlying instruments traded on the Kuala Lumpur Stock Exchange (K.L.S.E.).

Kuala Lumpur Stock Exchange (K.L.S.E.)

Established in 1973, the Kuala Lumpur Stock Exchange (KLSE) is the only stock exchange in Malaysia.