Off-board

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Off-board

Used for listed equity securities. Transacted away from a national securities exchange even though the stock itself is listed, such as on the NYSE, and instead of on the OTC market, a regional exchange, or in the third or fourth markets (between customers directly). After 9:30 a.m., if the stock has not opened due to the exchange's discretion, trading can occur elsewhere, but the trader must assume the role of a quasi-specialist in the process.

Off-Board

Trades on listed companies of the New York Stock Exchange that do not occur on the New York Stock Exchange. An off-board trade may occur on the NASDAQ, a regional exchange, an over-the-counter or anywhere else.

Off-board.

Transactions in New York Stock Exchange (NYSE) listed securities that aren't executed on a national exchange are known as off-board transactions.

Those trades may be handled through an electronic market, such as the Nasdaq Stock Market, through an electronic communications network (ECN), or internally at a brokerage firm. The term off-board derives from the fact that the NYSE is colloquially known as the Big Board.

References in periodicals archive ?
For NYSE spreads set by the specialist, a basis for the competition hypothesis is that increases in off board volume, for a given total volume, reduce NYSE trading volume, causing the specialist to narrow NYSE spreads in an attempt to retain some of the volume that otherwise would be lost to off board market makers.
For NYSE spreads set by limit orders, changes in the flow of limit orders associated with changes in off board volume can affect the direction of the change in NYSE spreads.
For NYSE spreads set by limit orders, a basis for the fragmentation hypothesis is that increases in off board trading volume, for a given total volume, reduce NYSE trading volume, which may increase NYSE spreads if the total limit order flow to the NYSE is reduced.
In this study, we focus on how changes in off board trading volume affect NYSE spreads when the spreads are more likely the result of limit orders or more likely set by the specialist.
The impact that a change in off board volume will have on NYSE spreads, for a given total volume, depends partly on how the proportion of market orders to limit orders changes on the NYSE.
it]) = the log of total volume traded on the NYSE and off board for stock i, on day t
it]) = the log of total volume traded off board for stock i, on day t
2] is total volume both on and off board, since the objective is to determine whether changes in off board volume, for a given total volume, produce a competition or fragmentation effect on NYSE spreads.
Second, the ISSM data allows direct comparison of NYSE and off board trading, since it contains all quotes and transactions recorded on the NYSE as well as regional exchanges and the third market.
3] = 0 is the null hypothesis that changes in off board volume have no affect on NYSE spreads.
GuestLogix Transaction Processing Engine (TPE) provides reliable payment acceptance functionality in any connectivity environment, and when combined with the Company s Global Payment Gateway, substantially mitigates payment risk and fraud, making it the ideal combination of solutions to support travel operators onboard and off board retailing.
1INSTEAD INSTEAD f ing D list of paying D-celebs to fall off boards into water, wouldn't ITV's Splash