Unit of Trading definition

Unit of Trading. – means 100 shares of the Underlying Interest, unless otherwise indicated.
Sample 1Sample 2
Unit of Trading means the number of units of Underlying Interest which have been designated by the Exchange as the number to be the subject of a single Option in such Series of Options.
Sample 1Sample 2Sample 3
Unit of Trading means the minimum quantity of contract that can be purchased or sold, specified by the Exchange in the contract specifications.
Sample 1

Examples of Unit of Trading in a sentence

  • Unit of Trading The unit of trading in each series of options traded on the Exchange shall be the unit of trading established for that series by the Clearing Corporation pursuant to the Rules of the Clearing Corporation and the agreements of the Exchange with the Clearing Corporation.

  • Sincerely, Patrick SwartzerDirectorMarket Regulation Enc.cc: Division of Market Oversight New York Regional OfficeEXHIBIT A Rule Contract Name Commodity Code Contract Size Unit of Trading Minimum Tick [1] [1] The minimum fluctuation for the above futures and options contracts may differ depending on trade type and market.Resolution No. 1 - Minimum Price Fluctuation TableThe following minimum price fluctuations shall be applicable to Oil Contracts.

  • When an adjustment is made for a rights distribution, the Unit of Trading in effect immediately prior to the distribution will ordinarily be adjusted to include the number of rights distributed with respect to the number of shares of the Underlying Interest comprising the Unit of Trading.

  • If an adjustment is made in accordance with the preceding sentence, the Unit of Trading for all such adjusted series of Derivatives Instruments shall remain unchanged for purposes of determining the aggregate Settlement Price of the Derivatives Instrument and for purposes of determining the premium for any such instrument purchased and sold.

  • For all Options and similar instruments it shall be the general rule that in the case of a reverse stock split, consolidation or combination of shares, or similar event, each Option and similar instrument covering the affected Underlying Interest shall be adjusted, solely for purposes of determining the property deliverable upon exercise of the Option or similar instrument, by decreasing the Unit of Trading to reflect the number of shares eliminated.

  • For all Options and similar instruments it shall be the general rule that in the case of a stock dividend, stock distribution, stock split, trust unit dividend, trust unit distribution, trust unit split or similar event whereby other than a whole number of shares of the Underlying Interest is issued in respect of each outstanding share, the Exercise Price in effect immediately prior to such event shall be proportionately reduced, and the Unit of Trading shall be proportionately increased.

  • If an adjustment is made in accordance with the preceding sentence, the Unit of Trading for all such adjusted series of Options or similar instruments shall remain unchanged for purposes of determining the aggregate Exercise Price of the Option or similar instrument and for purposes of determining the premium for any such instrument purchased and sold.

  • Outstanding transactions other than those covering Options or similar instruments will be adjusted to replace such Underlying Interest with such fixed amount of cash as the Underlying Interest, and the Unit of Trading shall remain unchanged.

  • For all Transactions other than those covering Options and similar instruments it shall be the general rule that in the case of a reverse stock split, consolidation or combination of shares, or similar event, each Derivative Instrument covering the affected Underlying Interest shall be adjusted, solely for purposes of determining the property deliverable upon exercise of the instrument, by decreasing the Unit of Trading to reflect the number of shares eliminated.

  • The Unit of Trading for securities traded on IEX is one (1) share.


More Definitions of Unit of Trading

Unit of Trading means the minimum quantity of contract that can be purchased or sold, as specified by the Exchange, from time to time in the contract specifications of an instrument.
Sample 1
Unit of Trading means the number of units of the underlying security which have been designated by the Clearing Corporation as the minimum number to be the subject of a single CDCC option in a series of options. In the absence of any such designation for a series of CDCC options in which the underlying security is a stock, the unit of trading shall be 100 shares.
Sample 1
Unit of Trading means the minimum quantity of a contract that can be purchased or sold, as may be specified by the Exchange, from time to time in the contract specifications for a commodity.
Sample 1

Related to Unit of Trading

  • Termination of Trading means that the Common Stock or other securities into which the Securities are convertible is neither listed for trading on a U.S. national securities exchange nor approved for trading on an established automated over-the-counter trading market in the United States.

  • Close of Trading means the Scheduled Closing Time of the Relevant Stock Exchange with respect to the Fund or any Successor Fund; and

  • Stock Exchange The Stock Exchange of Hong Kong Limited

  • Trading means and includes subscribing, buying, selling, dealing, or agreeing to subscribe, buy, sell, deal in any securities, and "trade" shall be construed accordingly.

  • Individual market means the market for health insurance coverage offered to individuals other than

  • Stock Exchanges means BSE Limited and National Stock Exchange of India Limited;

  • The Stock Exchange means the London Stock Exchange Limited;

  • OTC means Over-the-Counter.

  • London Stock Exchange means London Stock Exchange plc;

  • NASDAQ means The Nasdaq Stock Market, Inc.

  • Initial Market Value means, in relation to a Ship, the Market Value of that Ship calculated in accordance with the valuations relative thereto referred to in paragraph 5 of Schedule 4, Part B;

  • Principal Trading Market means the Trading Market on which the Common Stock is primarily listed on and quoted for trading, which, as of the date of this Agreement and the Closing Date, shall be the NASDAQ Global Market.

  • Principal Market means the Nasdaq National Market, the Nasdaq SmallCap Market, the American Stock Exchange, the OTC Bulletin Board or the New York Stock Exchange, whichever is at the time the principal trading exchange or market for the Common Stock.