Related Words

Dealer Options: Where traderss specializing in particular commodities buy and sell assets for their own accounts.

Options Class: An options class includes all the calls or all the puts on a single underlying instrument that share some of the same terms, such as contract size and exercise style. For example, in the cas . . . View Full Definition

Options Clearing Corporation (OCC): The Options Clearing Corporation issues all exchange-listed securities options in the United States and guarantees all transactions in those options. The OCC also assigns exercised options f . . . View Full Definition

Options Contract: A contract that, in exchange for the option price, gives the option buyer the right, but not the obligation, to buy (or sell) a financial asset at the exercise price from (or to) the option . . . View Full Definition

Options Contract Multiple: A constant, set at $100, that when multiplied by the cash index value gives the dollar value of the stock index underlying an option. That is the dollar value of the underlying stock index = . . . View Full Definition

Options Chain: Options chains are charts showing all the options currently available on a particular underlying instrument. A chain, also called an options string, provides the latest price quotes for all . . . View Full Definition

Odd-Lot Dealer: A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots.

National Association Of Securities Dealers (NASD): Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market.

National Association Of Securities Dealers Automated Quotation System (NASDAQ): NASDAQ is a computerized stock trading network that allows brokers to access price quotations for stocks being traded electronically or sold on the floor of a stock exchange.

National Association Of Securities Dealers Automatic Quotation System (Nasdaq): An electronic quotation system that provides price quotations to market participants about the more actively traded common stock issues in the OTC market. About 4000 common stock issues are . . . View Full Definition