Off-board
Also found in: Idioms.
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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.