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Nominal Value
The nominal value is the face value of
share. If the face value of a share is Rs. 10 then it may also be
stated that its nominal value is Rs. 10.
Non-Cleared Securities
Shares traded directly between
brokers, and not cleared through the stock exchange clearing house.
Also called non-specified Securities, B-group Securities, or Cash
Shares.
Nasdaq
National Association of Securities
Dealers Automatic Quotation SystemAn American stock exchange. It’s
also known as the technology heaven for companies in that category.
Negotiated Trade
Two Trading members can negotiate a
trade outside the system. However this trade is accepted by the
system only if Control approves. Both the parties enter each side of
their trade in the system specifying each other's identity.
Normal Market
The orders entered in the system
for normal trade matching depends primarily on a price/time
priority. These orders can be Regular Lot, Special Terms, Stop Loss
orders or Negotiated Trade entries. Each order must be equal to or
be a multiple of the regular lot for that security.
No-delivery period
Whenever a book closure or record
date is announced by a company, the Exchange sets a no-delivery
period for that security. During this period, trading is permitted
in that security. However, these trades are settled only after the
no-delivery period is over. This is done to ensure that investor’s
entitlement for corporate benefits is clearly determined.
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