LEAPS are stock options that have expiration dates that extend beyond one year.
Archives
Multijurisdictional Disclosure System (MJDS)
A disclosure system that facilitates certain Canadian-U.S. cross-border securities offerings, issuer bids and takeover bids. It is intended to reduce costly duplication of disclosure requirements and other filings when issuers from one country register securities offerings in the other. Under the rules, eligible cross-border offerings are governed by the disclosure requirements of the issuer’s home country.
Mixed Lot or Broken Lot
An order with a volume that combines any number of board lots and an odd lot.
Last Sale Price
For a Market On Close (MOC)-eligible security, the last sale price equals the calculated closing price. If the MOC closing price acceptance parameters are exceeded, it equals the last board lot sale price of the security on the exchange in the regular trading session.For any other listed security, the last sale price equals the last board lot sale price of the security on the exchange, in the regular trading session.
Non-Resident Order
A special term order when one or more participants in the trade is not a Canadian resident.
Leveraged Buy Out
Take over of a public corporation using borrowed funds.
Model
A strategy for selecting stocks using screening criteria that have been found to work in the past.
LEAP
A long-term put or call option (as long as three years).
Must-Be-Filled (MBF) Order
Orders placed before the market opens to buy or sell shares of stocks when their options expire. These orders are guaranteed a complete fill at the opening price to offset expiring options. They must be ordered between 4:15 p.m. and 5:00 p.m. on the Thursday before the third Friday of each month.
Normalized Earnings
Profits a company can be expected to achieve taking out cyclical effects and unusual events such as one-time write-offs caused by late product releases, customer bankruptcies and the like.