Glossary

This glossary is available to download as a PDF

1. A
2. B
3. C
4. D
5. E
6. F
7. G
8. H
9. I
10. J
11. K
12. L
13. M
14. N
15. O
16. P
17. Q
18. R
19. S
20. T
21. U
22. V
23. W
24. X
25. Y
26. Z

N

Naked Option

An option position taken without having the underlying.

New Issue

An issuer coming to the market for the first time.

N.M.S.

Normal Market Size. Calculated for each security, based on a percentage of daily turnover. The percentage is set at 2.5% and intended to represent the normal institutional bargain.

Nominated Advisor

Compulsory Exchange approved advisor for AIM companies.

Notice of Exercise

Notification by telex, fax or phone which must be given irrevocably by the buyer to the seller of the option prior or at the time of expiry.