Definition
Preferred Redeemable Increased Dividend Equity Securities, or PRIDES, are synthetic securities consisting of a forward contract to purchase the issuer's underlying security and an interest-bearing deposit for a specific price. Interest payments are made at regular intervals, and conversion into the underlying security is mandatory at maturity. PRIDES were first introduced by Merrill Lynch & Co. Ke
In Panel Profits
In the Panel Profits market platform, Preferred Redeemable Increased Dividend Equity Security (PRIDES) applies standard equities & market mechanics principles to comic assets and physical collections. Trading volume and liquidity spreads reflect secondary market dealer and auction transactions.
Common mistakes
Do not infer unobserved prices.