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Secondary Market

A marketplace, physical or virtual, where investors and market participants buy and sell securities (and generally tradable assets) from other...

Stock Volatility

The volatility of a stock (a tradable stock) that is measured to quantify the likelihood of a change in its...

LTP

An acronym for last traded price; the last price at which a trade or trading in a security (e.g., a...

Last Traded Price

The last price at which a trade or trading in a security (e.g., a stock) has taken place on a...

Ordinary Share

A security (share) that represents an ownership interest in a publicly-held company whereby a stockholder is eligible to participate in...

Cash Price

The price of an asset (a tradable asset) such as a security, commodity, or contract, that is determined on the...

DFOP

It stands for delivery free of payment; a delivery of securities which is not linked to a corresponding transfer of...

Delivery Free of Payment

A delivery of securities which is not linked to a corresponding transfer of funds. In other words, one counterparty delivers...

DvD

It stands for delivery versus delivery; a securities settlement mechanism which links two securities transfers in such a way as...

Delivery versus Delivery

A securities settlement mechanism which links two securities transfers in such a way as to ensure delivery takes place against...