Wall Street is the financial district of New York City named after and centered on the eight-block-long, 0.7 miles (1.1 km) long street running from Broadway to South St. Over time, the term has become a nickname for the financial markets of the U.S. as a whole, the American financial sector, or signifying New York-based financial interests. The New York Stock Exchange is located there, the world’s largest stock exchange by market capitalization of its listed companies.
Wash trade is a group of unscrupulous investors who, practicing a kind of fictitious trading or wash selling, artificially inflate the price of a security so that they sell it at a profit. Price manipulation is typically very difficult in stocks with heavy volumes, so the stocks with low liquidity are much more susceptible to daisy chains aka wash trades. Investors who do not look carefully at a stock are the usual prey of a daisy chain. As a stock rises due to increased volume, investors who didn't do all their homework may be attracted to the stock because they want to participate in the rising price. These investors are typically caught owning a stock that continues to depreciate long after the daisy chain sells out their positions for a profit.
World Federation of Exchanges is a “trade association of 58 publicly regulated stock, futures and options exchanges. Their market operators are responsible for the functioning of key components in the financial world.”
(Source: World Exchanges website)
Need more help? Try one of these other glossaries!