Knowledge of Capital Markets Flashcards
A large trade or order equal to 10,000 shares of stock or for a total market value of $200,000 or more
Block Trade
An electronic system that reports the latest price and volume data on sales of exchange listed stocks.
Consolidated tape
The highest price a buyer will pay for a security and lowest price a seller will accept similar to a bid ask spread but quoted in terms of price.
Inside quote
Customer permitted by Rule 144A Portal system to purchase unregistered Securities from overseas; an advisor with at least $100 million in assets under discretionary management.
Qualified institutional buyer
The period after the effective date of a public offering during which research may not be published on the offering company
Quiet period
The number of shares issued and outstanding shares that are held by the public excluding shares held by company officers directors or affiliates
Public float
A regulation allowing some companies by exemption to sell securities without having to register the offering with the SEC
Regulation D
A security that is purchased in an unregistered private sale from the issuer
Restricted security
Allows a qualified institutional buyer that is an advisor has at least $100 million in assets under discretionary management to purchase restricted (unregistered) Securities from overseas
Rule 144A Portal system
The difference between the highest price a buyer will pay and the lowest price a seller will accept
Spread
