Mass quoting, diming and automated mispricing detection
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
16:13 Feb 13, 2008
English to English translations [PRO] Bus/Financial - Finance (general)
English term or phrase:Mass quoting, diming and automated mispricing detection
I know quoting, and mispricing detechtion. But what is dimming? Auto diming is another expression.
mass quoting, diming and automated mispricing detection
to make difficult to see / to make unclear
Explanation: This is the meaning I would use; to dim = to make unclear, difficult to understand/see as per teh Concise Oxford Dictionary
dim as adjective woul mean: vague, ill-defined, indistinct, unclear, imperceptible.
Scenario: let's say a supermarket displays the prices wihtout VAT, and when you pay at the cashiers you are charged that price plus VAt, but theer was no indication that the price on the shelf does not include VAT. I would call that a price dimming. Obviously, the meaning is methaphorical. Just an idea.
Irina Schwab United Kingdom Local time: 01:54 Specializes in field Native speaker of: Romanian
Explanation: Based on the description in the link below, I think the term comes from the word "dime" (i.e. the 10-cent coin in US currency) -- as opposed to "dim." Since the context is automated trading software, it could be that the program automatically submits quotes in increments of 10 cents around the current market price.
Having said that, I could not find the term "diming" used in this way anywhere else, so perhaps its a term being used uniquely by this particular company. There is probably a more common term used for this feature, but I'm afraid it's not my area of specialization.
The verb "to dime" is usually used in much different contexts:
nickel-and-dime [2,transitive verb]
1 : to impair, weaken, or defeat piecemeal (as through a series of small incursions or excessive attention to minor details)
2 : to treat (as a person or situation) by paying excessive attention to small amounts of money often with a detrimental effect
LP Schumacher Germany Local time: 02:54 Native speaker of: English