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Banking

NBBO Mid-Point

The mid-point of the national best bid and offer (NBBO); an order pegged to the NBBO mid-point (pegged-to-mid-point order) allows...

Unseasoned Issue

A securities issue whereby a company goes public- i.e., issues its stock for the first time in the primary market....

Unseasoned Offering

An offering whereby a company goes public- i.e., issues its stock for the first time in the primary market. An...

NBBO Midpoint

The midpoint of the national best bid and offer (NBBO); an order pegged to the NBBO midpoint (pegged-to-midpoint order) allows...

Regular Peg Order

An order that follows, and then is placed at, the best bid, when buying a security (a buy order), and...

Follow-On Offering

A new offering (of securities) by a publicly traded company, particularly new shares of stock, to raise additional capital. The...

Follow-On Issue

A new issue (of securities) by a publicly traded company, particularly new shares of stock, to raise additional capital. The...

Seasoned Issue

A new issue (of securities) by a publicly traded company, particularly new shares of stock, to raise additional capital. The...

Simple Order Book

An order book that only contains the basic components: sizes and prices. It is a simple electronic list of buy...

Midpoint Pegging

Pegging an order with reference to the midpoint between the inside bid and the inside offer. For example, if the...