Glossary beginning with T



Slang used for minimum spread.

TMX Group

Time value

The portion of an option's price or premium that is attributable to the amount of time remaining until it expires. The longer an option has until it expires, the more opportunities its price has to fall in-the-money. Time value is in addition to intrinsic value, which is the amount by which the option is in-the-money.

NYSE Euronext


When bid and ask orders or quotes match they are thereafter referred to as trades.

SIX Swiss Exchange

Trading halt

A trading halt is imposed by the exchange, usually due to the dissemination of news that might impact a stock's price.

TMX Group

Transfer Agent

A trust company appointed by a listed company to keep a record of the names, addresses and number of shares held by its shareholders. Frequently, the transfer agent also distributes dividend cheques to the company's shareholders.

TMX Group