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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.

Market prices that have risen too steeply and too quickly.

Market prices that have declined too steeply and too quickly.

This is an abbreviation of a stock’s price-to-earnings ratio. The price-to-earnings ratio is a stock’s share price divided by earnings per share for the company’s most recent four quarters. A projected P/E divides the share price by estimated earnings per share for the coming four quarters.

A security’s nominal face value.

An order receives a partial fill when it trades only part of its total committed volume.

This is the price at which a security opens for the trading day. A stock can open at the previous closing price, gap up or gap down.

Investors buy shares directly from fund, and sell shares directly to fund. Share price is Net Asset Value (NAV).

An order that remains in the system for more than a day. See Good-Till-Cancelled or Good-Till-Date.

An investment fund that continuously offers its securities to investors and stands ready to redeem its securities at all times. Transactions in shares/units of mutual funds are based on their net asset value (NAV), determined at the close of each business day. Examples of an open-end fund are traditional mutual funds and exchange-traded funds (ETFs).