The trading status of a listed or formerly listed issuer. Issuer status types include: delisted, listed, suspended, and trading.
Archives
Jitney Order
The execution and clearing of orders by one member of a stock exchange for the account of another member. For example, investment dealer A is a small firm whose volume of business is not sufficient to maintain a trader on the exchange. Instead, investment dealer A gives its orders to investment dealer B, a larger organization which is a member of the exchange, for execution. Investment dealer A pays a reduced percentage of the normal commission.
Junior Corporation
A young company in the early stages of operations and growth.
Junk Bonds
Corporate bonds with poor credit ratings.
Large-Cap
Company with market capitalization greater than $8 billion.
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.
LEAP
A long-term put or call option (as long as three years).
LEAPS (Long-Term Equity Appreciation Participation Securities)
LEAPS are stock options that have expiration dates that extend beyond one year.
Improving the Market
An order that either raises the bid price or lowers the offering price is said to be improving the market. The market improves because the spread between the bid and offer decreases.
Income Deposit Security (IDS)
An exchange-traded, fixed income-like instrument consisting of a subordinated debt security and a share of common stock packaged together to form a tax-efficient delivery mechanism to distribute an issuer’s free cash flow to its investors. Investors are paid dividends from the common share component and interest from the subordinated debt.