A block of stock consisting of less than 100 shares. When odd lots trade, a premium is usually tacked on by the specialist or market maker. These receive the least favorable price and trade last.
Archives
On-Stop (O/S) Order
A special-term order placed with the intention of trading at a later date when the price of the stock reaches the specified stop price. An on-stop order becomes a limit order once a trade at the trigger price has occurred.
One-Sided Market
A market that has only buy orders or only sell orders booked for a particular security.
Ontario Securities Commission
The government agency that administers the Securities Act (Ontario) and the Commodity Futures Act (Ontario) and regulates securities and listed futures contract transactions in Ontario.
Non-Operating Expenses
Expenses not due to basic business of company.
Non-Operating Income
Income not derived from basic business of company.
Non-Resident Order
A special term order when one or more participants in the trade is not a Canadian resident.
Normalized Earnings
Profits a company can be expected to achieve taking out cyclical effects and unusual events such as one-time write-offs caused by late product releases, customer bankruptcies and the like.
New Listing
A security issue that is newly added to the list of tradable security issues of an exchange. It is accompanied with a new listing date.
Non-Certificated Issues
An issue that is recorded on the transfer agent’s electronic book rather than being held as a physical note.