real

Used in the context of general equities. Bloomberg Financial Dictionary

(1) natural,

(2) not dividend roll -or program trading-related;

(3) not tax-related. Bloomberg Financial Dictionary

"Real" indications have three major repercussions:

a) pricing will be more favorable to the other side of the trade since an investment bank is not committing any capital;

b) price pressure will be stronger if real since a natural buyer/seller may have information leading to his decision or more behind it, and c) an uptick may be required for the trader to transact if the indication is not real and the trader has no long position. Bloomberg Financial Dictionary

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real real [rɪəl] adjective

real earnings/​profits/​value etc ECONOMICS earnings etc that are calculated after including in the calculation the effects of inflation:

• Their data show that average real earnings of men aged 20-40 in 1987 were lower than in 1974.

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   Adjusted for inflation. Crude, unadjusted figures are misleading in times of high inflation, so real or inflation-adjusted figures are often used for measurements of economic growth.

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real UK US /rɪəl/ adjective [before noun]

► ECONOMICS after considering the effects of inflation: »

Wages rose by 2.9% last year, but real earnings still fell by 1.3%.

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Japan's economy grew by 1.5% in real terms in the first quarter.