Stock Market Glossary-D

Day order:
A day order, as the name suggests, is an order which is valid for the day on which it is entered. If the order is not matched
during the day, at the end of the trading day the order gets cancelled automatically.

Deferred contract:
Futures contracts other than the near contract. Also known as back contract.

Delivery:
The transfer of ownership of an actual financial instrument, or final cash payment in lieu thereof, in settlement of a futures
contract under the specific terms and procedures established by the exchange.

Doji:
A candlestick with a body so small that the open and close prices are equal. A Doji occurs when the open and close for
that day are the same, or very close to being the same.

Demutualization:
The process of segregating the ownership, management and trading aspects of a stock exchange to address the issues
of conflicts of interest