Alumina is the common name given to aluminum oxide (Al2O3). Alumina is produced from bauxite, an ore that is mined from topsoil in various tropical and subtropical regions. The Bayer process, discovered in 1887, is the primary process by which alumina is extracted from bauxite.
Day Trading FAQs. Q. What is the definition of a Pattern Day Trader? A. FINRA defines a Pattern Day Trader as any customer who executes four or more day trades within five business days, provided the number of day trades is more than 6% of the total trades in the account during that period.
A broker-dealer may also designate a customer as a âpattern day traderâ if it âknows or has a reasonable basis to believeâ that a customer will engage in pattern day trading. For example, if a customerâs broker-dealer provided day trading training to such customer before opening the account, the broker-dealer could designate that customer as a âpattern day trader.â Under FINRA rules, customers who are deemed âpattern day tradersâ must have at least $25,000 in their accounts and can only trade in margin accounts.