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Unlisted security |
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Unlisted securityA security traded in the over-the-counter market that is not listed on an organized exchange.Unlisted security Similar MatchesUnlisted securitiesUnlisted securitiesShares (usually in small companies) which are not listed on a Recognised Investment Exchange. A limited number of unlisted securities have traded since 1980 on the unlisted securities market (USM) which however closed at the end of 1996. The USM was replaced by the alternative investment market (AIM). Unlisted securities marketUnlisted securities marketA market set up by the London Stock Exchange in 1980 for the trading of shares of small to medium sized companies which did not qualify for a full listing. The USM was discontinued at the end of 1996. Unlisted tradingUnlisted tradingTrading in unlisted securities that occurs on an organized exchange to accommodate members. This practice is not permitted at the NYSE. |
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