- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
World's leading financial information-service, news, and media company.
A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots.
Industry:Financial services
Group that advises the SEC on establishing a national exchange market system, which is a highly automated, continuous national exchange, but that preserves the regional exchanges.
Industry:Financial services
An offer made by the corporation or its agent to purchase shares from odd-lot shareholders and immediately resell them in the market, usually in round-lots to institutions, thus saving the corporation the expense of merely buying shares back.
Industry:Financial services
Refers to over-the-counter trading. System of trading OTC stocks under the sponsorship of the NASD. Must meet certain criteria for size, profitability and trading activity. More comprehensive information is available for NMS stocks than for non-NMS stocks traded OTC (high, low, and last-sale prices, cumulative volume figures, and bid and ask quotations throughout the day). This is due to the fact that market makers must report the actual price and number of shares in each transaction within 90 seconds verses nonreal-time reporting for non-NMS stocks (thus, last sale prices and minute-to-minute volume updates are not possible).
Industry:Financial services
The percentage of total odd-lot sales that is composed of short sales.
Industry:Financial services
A service that publishes bid and offer quotes from market makers in OTC transactions.
Industry:Financial services
The theory that profits can be made by making trades contrary to odd-lot trading patterns, since odd-lot investors have poor timing. This theory is no longer popular.
Industry:Financial services
A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations.
Industry:Financial services
Applies to derivative products. Quotron symbol for the S&P 100 index option.
Industry:Financial services
