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The traditional term for membership on a stock exchange. An investment dealer or brokerage buys a seat on the exchange and one employee is designated as the seat holder. As Toronto Stock Exchange is now demutualized, there are no longer seats on the exchange.

A push-out occurs during a stock split when new shares are forwarded to the registered holders of old share certificates, without the holders having to surrender the old shares. Both the old and new shares have equal value.

The ratio of put trading volume divided by the call trading volume. For example, a put/call ratio of 0.74 means that for every 100 calls bought, 74 puts were bought. It is a contrary indicator. A reading of 1.0 or more is very bullish as most people think the market is going down. When the majority thinks the market is going to move a certain direction, it usually does the opposite.

Time after IPO, typically 25 days, when all parties involved in IPO are prohibited from commenting on the company’s future prospects. Analysts employed by underwriters are free to make buy/hold/sell recommendations after the Quiet Period expiration.

Information on the last trade, and current bid and asked prices. Most quotes are intentionally delayed about 20 minutes.

See Market Capitalization.

A brisk rise in the general price level of the market or price of a stock.

Stock trading price reports that have not been artificially delayed.

This is the date that a stock must be in your account for you to receive a dividend. The record date has nothing to do with how we trade stock splits.

A security that carries a condition giving the issuer a right to call in and retire that security at a certain price and for a certain period of time.