(redirected from Off Board)
Also found in: Idioms.


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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
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.
SSP Afzal further said that the incident took place near the shore and 52 passengers were successfully off boarded by rescue sources.
Surface mount components fall off boards, and BGA balls crack cleanly at the intermetallic interface, creating open circuits.
It broke out in the middle property of a row of three derelict buildings and officers had to prise off boards covering its windows to access the flames.
Washing paste off boards leads to solder balls, hole blockage during reflow and, most important, reduces surface solderability on the board.
The girl, who had also been climbing on tables and tearing papers off boards before the officers arrived, screamed as they bent her over a table and pulled her hands behind her back.
1INSTEAD INSTEAD f ing D list of paying D-celebs to fall off boards into water, wouldn't ITV's Splash!
In another incident, unknown armed persons off boarded one Izhar Khushk and shot him dead in the jurisdiction of Hatri Police Station.