Trading Halt

A trading halt is imposed by the exchange, usually due to the dissemination of news that might impact a stock’s price.

Speculator

Someone prepared to accept calculated risks in the marketplace for attractive potential returns.

Short Selling

The selling of a security that the seller does not own (naked or uncovered short) or has borrowed (covered short). Short selling is a trading strategy. Short sellers assume the risk that they will be able to buy the stock at a lower price, cover the outstanding short, and realize a profit from the difference.

Tick

Slang used for minimum spread. Depending on the stock price it could be a half-cent, one cent or five cents.

Securities

Transferable certificates of ownership of investment products such as notes, bonds, stocks, futures contracts and options.

Stock Price Index

A statistical measure of the state of the stock market, based on the performance of certain stocks. Examples include the S&P/TSX Composite Index and the S&P/TSX Venture Composite Index.

Total Return Index Value (TRIV)

Similar to the stock price index value (SPIV), except that the TRIV is based on the aggregate, float quoted market value of the index constituents (SPIV) plus their paid dividends/distributions. TRIV is calculated only at the end of the trading session for all S&P/TSX indices.

Sales

Services and products sold by a company. Sales and revenues mean the same thing.

Supplemental Listing

A type of listing transaction, made after an issuer’s original listing, that involves the listing and posting for trading of a new issue of securities. Typically, this involves the listing of preferred shares, rights, warrants, or debentures. Supplemental also covers the additional listing of when-issued shares through a secondary offering of an issue that is already listed.

Securities Commission

Each province has a securities commission or administrator that oversees the provincial securities act. This act is a set of laws and regulations that set down the rules under which securities may be issued or traded in that province.