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After hours dealing or trading |
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After hours dealing or tradingSecurities trading after regular trading hours on organized exchanges.After hours dealing or trading Similar MatchesForward dealingForward dealingThe buying or selling of underlying instruments such as commodities, securities and currencies etc for delivery at a specified future date and a fixed price. Trading desk (dealing desk)Trading desk (dealing desk)Personnel at an international bank who trade spot and forward foreign exchange. Directors dealingsDirectors dealingsThe purchases and sales made by directors of shares in the publicly quoted companies for which they work. It is perfectly legal for directors to buy or sell shares in their own company provided certain rules are observed. The most important rules are:directors are not allowed to use unpublished price sensitive information which they have got from their job to reach a decision about buying and selling shares (insider dealing)directors are not allowed to buy or sell shares in their company for two months before the announcement of results (the 'closed period')The process of tracking directors dealings has been standard practice for some time. It is becoming more and more accepted as a means for identifying stocks with substantial potential. Put crudely, if the directors are buying, they think the shares are undervalued; if they are selling, they think the shares are overvalued. Dealing desk (Trading desk)Dealing desk (Trading desk)Personnel at an international bank who trade spot and forward foreign exchange. Insider dealingInsider dealingIllegal share dealings by employees of a company where they have used confidential price-sensitive information for their own gain or the gain of their associates.The inside dealer does not have to work for the company for his dealing to be an offence. So a stockbroker, or merchant banker, who knows about an impending takeover deal who buys shares in the target company with the intention of making a profit, is guilty. If he gets a friend to buy the shares, he is still guilty. In theory, the net is cast quite wide. In practice, insider dealing prosecutions are rare, and successful ones rarer still because the allegations are so hard to prove.Note the difference between insider dealing (an offence) and directors dealings (not an offence). Further Suggestionsdealing costIncestuous share dealing Canadian Dealing Network (CDN) |
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