Composite issues

An issue of securities by a listed company on a public- cum rights basis offered through a single offer document wherein the allotment for both public and rights component of the issue is proposed to be made simultaneously.

Related Terms

Continuous net settlement

Automated book-entry accounting system that centralizes the settlement of compared security transactions and maintains an orderly flow of security and money balances.

Upstairs market

A network of trading desks for the major brokerage firms and institutional investors that communicate with each other by means of electronic display systems and telephones to facilitate block trades and program traders.

Dealer

A firm that enters into transactions as a counterparty on both sides of the market in one or more products.

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