Examples of Average Daily Volume in a sentence
The number of Shares that may be resold or transferred to the public or through any public securities trading market at any time may not exceed (i) for any one sale or transfer order, twenty-five percent (25%) of the Average Daily Volume; and (ii) for all sales or transfer volume in any calendar week, twenty-five percent (25%) of the Weekly Volume.
The proposal allows the Exchange to determine the weekly strike intervals for multiply listed equity Short Term Option Series listed in the later weeks by taking into account customer demand for certain options classes by considering both the Share Price and the Average Daily Volume in the underlying security.
The implementation of the Strike Interval table is intended to allow for greater spreads between strike intervals in multiply listed equity options where there is less volume as measured by the Average Daily Volume tiers.
Limit by Residual Maturity: A Clearing Member’s exposure in any residual maturity term must not exceed: ✓ 10 times the Average Daily Volume of the correspondent residual maturity term for assets maturing within 11 years.
Average Daily Volume shall be calculated by dividing the annual volume by 365.