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Glossary: T


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Takeover

The acquisition of one business or company by another.

 

Target company (in a Takeover)

The company that is going to be acquired by another company.

 

TDEX

Trading Extended

 

techMARK™

The Exchange’s international market for innovative technology companies.

 

techMARK mediscience™

The Exchange’s international market for healthcare companies.

 

Third party account

A bank account that does not belong to the client. Money laundering transactions often use third party accounts.

 

TIDM - Tradable Instrument Display Mnemonic

The mnemonic code is allocated by the Exchange and used to identify a tradable instrument. Used to be called an EPIC code.

 

Time priority

Orders of the same price are prioritised depending on when they are entered.  This is time prioritisation.

 

Time value

Time value is the intrinsic value subtracted from the market price. Time value represents the remaining value that has been attributed to the warrant by the market, and the fact that the market might move before the expiry date.

 

Time weighted average spread

The average spread (calculated hourly) weighted by the length of time a spread applies.

 

Touch

The best buying and selling prices available on SETS or from a market maker on SEAQ or SEAQ International in a given security at any one time.

 

Tracker fund

A fund that aims to mirror the performance of a chosen share index. The amount invested in each company is proportional to the company’s weighting on the target index. Management fees for a passively managed tracker fund is lower than an active fund.

 

Tradable instrument

A security for which orders, trade reports and company information may be entered.

 

Trade

A trade is a deal made on the London Stock Exchange. Sometimes referred to as a 'bargain'.

 

Trade reporting period

The period during each working day (between 07:15 and 17:15) when the Exchange accepts trade reports.

 

Trade value

The trade value of each of the last 5 trades.

 

Trade volume

The volume figure for each of the last 5 trades.

 

Trading platform

A trading platform is the technology infrastructure in a stock exchange that is used to support one or more trading services.

 

Trading service

A configuration of system and market rules that support the trading activity of a market.

 

Transparent market

A market that provides timely and accurate information regarding all transactions.

 

Trust

A fiduciary relationship that empowers one or more people (trustees) to safeguard and administer the assets (money or property) of the beneficiaries or investors.

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