SatrixNOW Glossary


CFD A Contract for Difference (CFD) is a tradable instrument that mirrors the movements of the asset (eg. ETFs - in the case of SatrixNOW underlying it. It allows for profits or losses to be realised when the price of the underlying asset moves in relation to the position taken, but the actual underlying asset is never owned. For more info click here
Corporate Actions A corporate action is a step taken by a publicly-traded company that affects the securities issued by the company and usually sets off a process that impacts the holders of those securities. Some examples of corporate actions include: stock splits, dividend issues, mergers and acquisitions, and spinoffs. Each corporate action serves a different purpose.
ETF An ETF or Exchange Traded Fund is a pooled investment vehicle that offers diversified exposure to a particular area of the market. It can invest in stocks, bonds, commodities, currencies, options or a blend of different assets. Investors buy shares in the ETF, which represent a proportional interest in the pooled assets within the fund. For more info click here
Fractional Share Right In very simple terms, when an investor doesn't have enough money to buy a whole share in a particular company of their choice, Fractional Share Rights (FSRs) give them the ability to invest whatever that sum of money is, in a fraction of that share. For a more detailed description click here
Issuer An Issuer is a legal entity (i.e., corporation, government) that develops, registers and sells securities for the purpose of financing its operations.
Liquidity The degree to which an asset or security can be bought or sold in the market without affecting the asset's price.
Liquidity is characterized by a high level of trading activity. Assets that can be easily bought or sold are known as liquid assets.
Reference Investopedia

Security A security is a financial asset of any kind that can be bought and sold. Securities broadly fall into three different categories as follows:
  • equity securities (e.g., common stocks or shares, Exchange Traded Funds (ETFs))
  • debt securities (e.g., banknotes, bonds and debentures)
  • derivatives (e.g., futures, CFD's, options, forwards)
Stock Exchange A stock exchange is a form of exchange which provides services for stock brokers and traders to buy or sell stocks, bonds, and other securities.
T+3 Is simply an investment term explaining the date of settlement.
Whenever you buy or sell a share, there are two important dates of which you should always be aware: the transaction date and the settlement date. The abbreviation T+3 refer to the settlement date of security transactions and denotes that the settlement occurs on a transaction date plus three days. (I.e. three days after the transaction date)
 Tax Year  The Tax Years runs from 1 March to 28/29 February every year.

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