(i) Securities. An approximation of a security's market value, given for the purpose of valuation. (ii) Futures. An estimated price for a future month or date for which there is no bid, ask or trade price.
Nominee name
Name in which a security is registered and held in trust on behalf of the beneficial owner.
Normal market size (NMS)
A value expressed as a number of shares used to calculate the minimum quotation size for UK domestic equities and ADRs traded on the London Stock Exchange. The NMS values, which range from 500 shares to 200,000 shares, are based on each individual stock's average market turnover value in the previous 12 values.
Notice day
Any day on which notices of intent to deliver on futures contracts may be issued.
