The average market capitalization of stocks owned by a mutual fund.
Archives
Par Value
A security’s nominal face value.
Minimum Fill Order
A special term order with a minimum fill condition will only begin to trade if its first fill has the required minimum number of shares. For example, an order to buy 5,000 shares with a minimum volume of 2,000 shares can only trade if 2,000 or more shares become available.
Operating Cash Flow
Surplus cash generated from company’s basic operations without regard to income tax entries such as depreciation and amortization. Changes in levels of inventories, accounts receivable and accounts payable also affect cash flow. Also see Free Cash Flow.
Non-Operating Income
Income not derived from basic business of company.
Partial Fill
An order receives a partial fill when it trades only part of its total committed volume.
Member
See Participating Organizations (POs) and Members
Non-Resident Order
A special term order when one or more participants in the trade is not a Canadian resident.
Minimum Guaranteed Fill (MGF) Orders
These orders are guaranteed a complete fill upon entry. A Registered Trader will provide the stock should the book be below the required limit. To be eligible for MGF, an order has to be a tradable client order with a volume less than or equal to the MGF size, which varies from stock to stock.
Operating Earnings
Not the same as operating income. See pro forma earnings.