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Glossary: W


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Warrants

Securities giving the holder a right to subscribe to a share or a bond at a given price and from a certain date.

 

WFE

Also called the World Federation of Exchanges. The Federation is a private international organisation that promotes co-operation between international exchanges.

 

Winding up (see Liquidation)

 

Worked Principle Trade

The reported trade was from a worked principle agreement for a single security.

 

Working capital

The capital used by the company to run its day-to-day operations. It is the difference between current assets and current liabilities of the business.

 

Writer

The issuer of a covered warrant is sometimes referred to as the writer.