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Globex is an electronic trading platform used for derivative, futures, options and commodity contracts across all classes of assets.

 

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Fail occurs if a seller does not deliver securities or if a buyer does not pay owed funds by the date of the settlement.

 

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Less than one full share of equity is a fractional share. They may be the result of stock splits, dividend reinvestment plans, or other corporate actions.

 

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Non-cash item describes negotiable instrument, like a check or bank draft, which is deposited but can’t be credited until it clears the issuer's account.

 

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