New Issuer Listing – Spin-Off

A reorganization that usually results in a newly listed issuer acquiring a business division or assets as its principal operating asset from another issuer (the reorganized issuer), with security holders of the reorganized issuer holding securities in both issuers, following completion of the reorganization.

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-Net Order

A special-term order when there is a clear understanding between the buying and selling parties that they will settle the trade directly with each other.