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A type of underwriting where the investment firm acts as an agent. The firm agrees to use its best efforts to sell the new issue of securities, but does not guarantee the issuing company that the securities to be issued will be sold.

An order with a limit price better than the best price on the opposite side of the market. A better-priced buy order has a limit price higher than the best offering. A better-priced sell order has a limit price lower than the best bid. These are available only at the opening.

The highest price a buyer is willing to pay for a stock. When combined with the ask price information, it forms the basis of a stock quote.

The aggregate size in board lots of the most recent bid to buy a particular security.

A certificate trading on a U.S. stock exchange that represents shares of a foreign corporation. 

Options that can be exercised any time during their lifetime. These are also known as open options.

Someone typically working for a brokerage house, who publishes buy/hold/sell recommendations and earnings forecasts for a stock. Buy side analysts work for institutional buyers, and sell side analysts work for brokerages. 

A publication, including financial statements and a report on operations, issued by a company to its shareholders at the company’s fiscal year-end.

Permits Participating Organizations to voluntarily withhold their true broker identities when entering orders and trades on TSX trading systems.

The lowest price at which someone is willing to sell the security. When combined with the bid price information, it forms the basis of a stock quote.