BROWSE

XDIS

Definition

The Independence Party is a liberal-conservative and Eurosceptic political party in Iceland. It is currently the largest party in the Althing, with 16 seats. The chairman of the party is Bjarni Benediktsson. The secretary of the party is Áslaug Arna Sigurbjörnsdóttir.

What is 'XDIS'

A symbol used specifically upon the consolidated tape to indicate a security that is trading ex-distribution or without the right to receive the next distribution. XDIS is derived from the term ex-distribution.

Explaining 'XDIS'

Typically, a stock's price will depreciate immediately after its distribution is paid. For the purpose of providing timely and accurate information, the consolidated tape will indicate this occurrence by adding the letters "XDIS" immediately after the stock's symbol.


For example, ABC XDIS 15 or ABC/XDIS would indicate that company ABC is trading ex-distribution at $15. A temporary suffix, such as XDIS, represents a temporary change to the underlying security because of current market conditions. The typical format for including the suffix is the security's symbol (such as stock ABC), followed by a forward slash (indicating a temporary change) and then the suffix (XDIS).


A security that is trading XDIS entitles a seller (a previous owner), rather than the buyer, to receive the last declared distribution prior to the sale.


Further Reading


Issues of migration process modeling
eprints.tsu.ge [PDF]
… Centre d'Etudes en Finance, Assurance et … Section 7 will provide a short comparison between the European premium principles and the financial economic pricing approach of North … It simply accumulates the original mass around the mass points of the lattice distribution (Xdis) …



Q&A About XDIS


What does XDIS stand for?

XDIS stands for ex-distribution.

What does a stock's price typically do after its distribution has been paid?

A stock's price will depreciate immediately after its distribution has been paid.

What is the purpose of using XDIS?

The purpose of using XDIS is to provide timely and accurate information.

How is this indicated on the consolidated tape?

This is indicated by adding the letters "XDIS" immediately after the stock's symbol.

Why would you use a temporary suffix, such as XDIS, in your trading activity?

You would use a temporary suffix such as XDIS because it represents a temporary change to the underlying security due to current market conditions.

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