BROWSE

Off Board

What is 'Off Board'

A stock transaction that fits one of the following two criteria:

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.

Explaining 'Off Board'

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.



Further Reading


Executives'“off-the-job” behavior, corporate culture, and financial reporting risk
www.sciencedirect.com [PDF]
… Volume 117, Issue 1, July 2015, Pages 5-28. Journal of Financial Economics … risk factors, ie, an increase in executives' equity-based incentives and weakened board monitoring … We document evidence that these measures of executives' “off-the-job” behavior capture meaningful …

Comparing the publication process in accounting, economics, finance, management, marketing, psychology, and the natural sciencesComparing the publication process in accounting, economics, finance, management, marketing, psychology, and the natural sciences
meridian.allenpress.com [PDF]
… Volume 117, Issue 1, July 2015, Pages 5-28. Journal of Financial Economics … risk factors, ie, an increase in executives' equity-based incentives and weakened board monitoring … We document evidence that these measures of executives' “off-the-job” behavior capture meaningful …

Mean reverting financial leverage: theory and evidence from PakistanMean reverting financial leverage: theory and evidence from Pakistan
www.tandfonline.com [PDF]
… Volume 117, Issue 1, July 2015, Pages 5-28. Journal of Financial Economics … risk factors, ie, an increase in executives' equity-based incentives and weakened board monitoring … We document evidence that these measures of executives' “off-the-job” behavior capture meaningful …

Method of playing a game of economics and financeMethod of playing a game of economics and finance
patents.google.com [PDF]
… Volume 117, Issue 1, July 2015, Pages 5-28. Journal of Financial Economics … risk factors, ie, an increase in executives' equity-based incentives and weakened board monitoring … We document evidence that these measures of executives' “off-the-job” behavior capture meaningful …

An equation and its worlds: Bricolage, exemplars, disunity and performativity in financial economicsAn equation and its worlds: Bricolage, exemplars, disunity and performativity in financial economics
journals.sagepub.com [PDF]
… Volume 117, Issue 1, July 2015, Pages 5-28. Journal of Financial Economics … risk factors, ie, an increase in executives' equity-based incentives and weakened board monitoring … We document evidence that these measures of executives' “off-the-job” behavior capture meaningful …

Trading off between value creation and value appropriation: The financial implications of shifts in strategic emphasisTrading off between value creation and value appropriation: The financial implications of shifts in strategic emphasis
journals.sagepub.com [PDF]
… Volume 117, Issue 1, July 2015, Pages 5-28. Journal of Financial Economics … risk factors, ie, an increase in executives' equity-based incentives and weakened board monitoring … We document evidence that these measures of executives' “off-the-job” behavior capture meaningful …

Getting off to a good start: The effects of upper echelon affiliations on underwriter prestigeGetting off to a good start: The effects of upper echelon affiliations on underwriter prestige
pubsonline.informs.org [PDF]
… Volume 117, Issue 1, July 2015, Pages 5-28. Journal of Financial Economics … risk factors, ie, an increase in executives' equity-based incentives and weakened board monitoring … We document evidence that these measures of executives' “off-the-job” behavior capture meaningful …



Q&A About Off Board


What is off-board trading?

Off-board trading is a stock trade involving a security that does not trade on a major exchange.

Why would someone do an off board trade?

The parties involved in the transaction will decide to do an off board trade to prevent order distortions within the underling stock as well as keep relative anonymity in the broad markets.

What are two types of off-board trades?

There are two types of off-board trades, one involving an OTC stock and the other involving a listed stock.

Where does "off board" refer to?

The term "off board" refers to the fact that New York Stock Exchange is commonly known as Big Board.

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