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Passive Liquidity Order

A non-displayed order that allows market participants to provide liquidity to the market without publicly revealing their trading plans or...

Glamor Stock

A widely held stock that is preferred by typical and institutional investors. It represents businesses with strong earnings growth and…

Common Shares

A class of securities that represents ownership interest in a publicly-held company and entitles a shareholder to vote on specific…

Conversion Ratio

A provision in a company’s prospectus that spells out the number of common shares a holder of convertible securities will…

Creation Unit

A subset of an exchange-traded fund (ETF) that is representative of the shares comprising the fund. ETFs shares are redeemed…

CUSIP Number 

A nine-character numbering system that is used to identify companies and individual securities in the United States and Canada. More…

Consortium CN

A crossing network (CN) that is established and owned by a consortium- i.e., a number of partners, such as banks,…

Cyclical Stock

A corporate stock which is sensitive to the business cycle, i.e., it edges up (down) rapidly as the economy turns…

Class “A” Shares

A class of common stock (specifically known as classified stock) that enjoys more voting rights than class “B” shares. The…

Class “B” Shares

A class of common stock (specifically known as classified stock) that enjoys less voting rights than class “A” shares. The…