1. A stock trade involving a security that does not trade on a major exchange, i.e., an over-the-counter (OTC) stock.
2. A stock trade involving a stock that is listed on a major exchange but is still executed over the counter, typically between two institutions or an institution and a customer. This type of off-board trade can be done only with 19c3 securities, or stocks that listed on the exchange after 1979.
Off-board trades of the latter type will usually involve two brokerage firms or other institutions and involve a large number of shares. The two parties will decide to do a trade off board to prevent order distortions within the underling stock, as well as keep relative anonymity in the broad markets.
The term “off board” refers to the fact that the venerable New York Stock Exchange is commonly known as the Big Board.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
off-board — /awf bawrd , bohrd , of /, adj., adv. Stock Exchange. outside of a major exchange, as over the counter or between private parties: an off board transaction. Also, off the board. [1945 50] * * * … Universalium
off-board — ˈ ̷ ̷| ̷ ̷ adjective : over the counter off board market for securities … Useful english dictionary
off board — adjective a) Not on or in a means of transportation. b) Not participating. Ant: on board … Wiktionary
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 … Financial and business terms
off-board — adjective Computing relating to or denoting hardware or software that does not form an integral part of a computer … English new terms dictionary
off-board — This term may refer to transactions over thecounter in unlisted securities, or to a transaction involving listed shares which was not executed on a national securities exchangei Offender. Commonly used in statutes to indicate person implicated in … Black's law dictionary
off-board trading — ➔ trading * * * off board trading UK US noun [U] STOCK MARKET, FINANCE ► the activity of buying and selling shares that are normally traded on the New York Stock Exchange, directly with others rather than using the exchange: »While NYSE volume… … Financial and business terms
take off board — paspara statusas T sritis Kūno kultūra ir sportas apibrėžtis Stačiakampė 121–122 cm ilgio, 20 cm (±2 cm) pločio, 10 cm storio iš medžio ar kitos tinkamos kietos medžiagos pagaminta ir balta spalva nudažyta lentelė sportininkui atsispirti per… … Sporto terminų žodynas
board — I UK [bɔː(r)d] / US [bɔrd] noun Word forms board : singular board plural boards *** 1) [countable] a long thin flat piece of wood, used especially for making floors and other parts of buildings There s a loose board in the bedroom floor. Boards… … English dictionary
off-the-board — /awf dheuh bawrd , bohrd , of /, adj., adv. off board. * * * … Universalium