A security’s nominal face value.
Archives
Partial Fill
An order receives a partial fill when it trades only part of its total committed volume.
Pay Date
With respect to stocks split or dividends, a pay date is the date that a company pays a dividend or stock split out, which is usually the day before the ex-dividend date.
Order Number
An eight or nine-digit number assigned to every order entered into the system.
OTC Foreign Trading
OTC (over-the-counter) foreign trading refers to UMIR Rule 6.4 (e), which permits a trade to be executed off the Exchange, if one or both Participating Organization/Member client accounts are outside of Canada, provided such trades are reported within a specific time frame to the Exchange for public dissemination of the transaction.
Overbought
Market prices that have risen too steeply and too quickly.
Oversold
Market prices that have declined too steeply and too quickly.
Option Cycle
A set pattern of months when a class of options expires.
Option Holder
The buyer of an option contract who has the right to exercise the option during its lifetime.
Option Series
An individual option contract for a given security.