Who Is Richard H.

Anderson? Richard H. Anderson is the chairman and chief executive officer of Delta Air Lines. He was named to this role in 2007, after serving as the airline’s president and chief operating officer. Anderson has been with Delta since he joined the company in 2007. Prior to that, he served as the president and chief … Read more

What Is a Wire Room?

A wire room is a room in a bank where wire transfers are processed. Wire transfers are a type of electronic funds transfer (EFT) that allows customers to send and receive money quickly and securely. Wire rooms are typically manned by a team of trained professionals who are responsible for ensuring that all wire transfer … Read more

What Is a Clearing Broker?

A clearing broker is a broker that clears trades for other brokers. When a trade is executed, the clearing broker ensures that the trade is settled according to the terms of the contract. The clearing broker also provides margin services, meaning they extend credit to brokers so that they can trade on margin. What is … Read more

What is a Stock Pennant?

The stock pennant is a technical analysis figure used in trading chart analysis, to know the continuation of the trend. It is called "pennant" because of the similarity to small triangular-shaped flags in the graphic. This type of phenomenon appears when there are corrections in a stock trend: when there is a break in a … Read more