Delist

The removal of a security’s listing on a stock exchange. This is done when the security no longer exists, the company is bankrupt, the public distribution of the security has dropped to an unacceptably low level, or the company has failed to comply with the terms of its listing agreement.

Cyclical Stock

A stock of a company in an industry sector that is particularly sensitive to swings in economic conditions.

Cross

A trade that occurs when two accounts within the same Participating Organization/Member wish to buy and sell the same security at an agreed price and volume. With some approved exceptions, crosses can only occur within the current bid and ask for the stock.

Delisted Issue

The status of a security that is no longer listed on the Exchange. The security could trade on another market.

Daily Price Limit

The maximum price advance or decline permitted for a futures contract in one trading session compared to the previous day’s settlement price.

Clearing Day

Any business day on which the clearing corporation is open to effect trade clearing and settlement.

Cum Dividend

With dividend. The owner of shares purchased cum dividend is entitled to an upcoming already-declared dividend. The opposite of this is ex dividend.