The closing price, also known as the closing quote, refers to the price at which the last transaction of a trading session on an organized securities exchange occurs. This price is critical for valuation purposes in various financial contexts, such as charitable contributions and estates.
An exchange refers to the act of giving goods or services and receiving goods or services of equal value in return. It encompasses various contexts, including commercial transactions, securities trading, and tax-related property exchanges.
Dealers in the securities exchange who buy and sell securities for their own account to maintain liquidity and an orderly market.
The New York Stock Exchange (NYSE) is one of the largest and most well-known securities exchanges in the world. Established in 1792, the NYSE is located on Wall Street in New York City and is a symbol of global finance and capital markets.
A round lot refers to the standard quantity of securities or commodities that are traded on an exchange. For stocks, it typically means 100 shares or any number that is easily divisible by 100, while for bonds, it is generally $1,000 or $5,000 par value.
**Seat** is a figurative term that refers to an individual's or firm's membership on a securities or commodities exchange. A seat grants the holder the right to trade on the floor of the exchange and to access various trading privileges. Traditionally, seats are bought and sold at prices determined by supply and demand within the marketplace. The ownership of a seat is often considered prestigious and can be highly valuable due to the privileges and opportunities it confers upon the holder.
Short interest represents the total number of shares of a stock that have been sold short but have not yet been repurchased or closed out. It provides insight into potential market sentiment and investor speculation.
A stock symbol, also known as a trading symbol, is an abbreviation (typically one to four letters) that uniquely identifies publicly-traded companies on stock exchanges.
