Business Term of the Day: Pegging | Definition of Pegging

Commodities trading: 

Control by commodity exchanges of price fluctuations by tying the daily trading limits to the previous trading day's settlement (close) price.

Currency trading: 

Control of exchange rate fluctuations by a government through (1) tying a currency's value to the value of a stronger currency, (2) buying and selling own currency to increase or decrease its demand.

Securities trading: 

Manipulation of a new issue's market price by its underwriter through large purchases on the stockmarket. Similar manipulation of already issued securities is illegal.
 
Pegging is in the Commodities & Precious Metals Trading, Currency Trading and Securities & Futures Trading subjects