Glossary beginning with D


Day Order

An order that expires at the end of the day.

Amman Stock Exchange


An individual or firm in the securities industry who buys and sells securities as a principal rather than as an agent. The dealer's profit or loss is the difference between the price paid and the price received for the same security.

NYSE Euronext


A ratio that measures an option's price movement compared to the underlying interest's price movement. Delta values have a range of 0 to 1. Deep in-the-money options have deltas that approach 1.

TMX Group


Financial instrument that allow investors to transfer risks by buying, selling or exchanging underlying assets at a an agreed price and future delivery date. The most common derivatives are futures, options, warrants and swaps.



Distribution of earnings to shareholders, prorated by the class of security and paid in the form of money, stock, scrip, or, rarely, company products or property.


Dividend Yield

The dividend yield expresses the dividend as a percentage of the current market price of the shares. The gross dividend is used in this calculation, i.e. before deduction of any withholding tax.

SIX Swiss Exchange