Join the Letters of Wall Street Challenge

Join the FTF Letters of Wall Street challenge! Because Wall Street is not often WYSIWYG, I thought it would be fun (and challenging) to come up with a list of Wall Street’s most frequently used acronyms. I was able to think of 44 without TME, but I’m looking for a challenger to come up with the ones I’ve missed. BTW, some of these may be older and OOSOOM, but you never know when they’ll BRB. That being said, we aren’t looking for the most current acronyms, we are looking for the longest, most impressive list! How many missing acronymns can you come up with?

ABS – Asset Backed Security
ASP – Active Server Pages
ALM – Asset Liability Management
AML – Anti-Money Laundering
FIX – Financial Information Exchange
CBO – Collateralized Bond Obligation
CCP – Central Counterparty
CDO – Collateralized Debt Obligation
CDS – Credit Default Swap
CFTC- Commodity Futures Trading Commission
CHIPS – Clearing House Interbank Payment System
CIO – Either Chief Investment Officer of Chief Information Offdescribe the imageicer
CLO- Collateralized Loan Obligation
CMBS – Commercial Mortgage-Backed Securities
CME Group – Chicago Mercantile Exchange
CMO – Collateralized mortgage obligation
DTCC – Depository Trust & Clearing Corporation
FINRA – Financial Industry Regulatory Authority
FORES – Foreign Exchange
FTF – Financial Technologies Forum (sorry, had to include that one for obvious reasons)
IOU – I Owe You
IPO – Initial Public Offering
ISDA – International Swaps and Derivatives Association
ISITC – International Securities Association for Institutional Trade Communication
CMBS – Commercial mortgage-backed securities
NASDAQ – National Association of Securities Dealers Automated Quotation
NYSE – New York Stock Exchange
OPM – Other People’s Money
OTC – Over the Counter
Reg NMS — Regulation National Market System
REMIC – Real Estate Mortgage Investment Conduit
ROI – Return on Investment
SaaS – Software as a Service
SEC – Securities Exchange Commission
SIFMA – Securities Industry and Financial Markets Association
SOA – Service-oriented Architecture
SOX – Sarbanes-Oxley Act
SMA – Separately Managed Account
STP – Straight Through Processing
SWIFT – Society for Worldwide Interbank Financial Telecommunication
TARP – Troubled Asset Relief Program
UMA – Unified Managed Account
VaR – Value at Risk
WSJ – Wall Street Journal

For those not up on internet slag, here is a key for the acronymns used in first paragraph:

WYSIWYG – What you see is what you get.
TME – Too much effort.
BTW – By the way.
OOSOOM – Out of sight, out of mind.
BRB – Be right back.

About Maureen Lowe

President and Founder of Financial Technologies Forum, LLC. Editor-In-Chief of FTF News. Entrepreneur, Jersey Girl that recently returned to Jersey, Loves to Bake, Married to a Kiwi, First Time Mom
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