NYSE

Learn what a bond is

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

Find out what is the definition of the S&P 500 index.

Trading in new shares before they’re officially admitted to the exchange, on the condition that admission goes ahead.

The period after an IPO when insiders have to sit on their hands and can’t sell their shares.

An exchange-traded fund that is comprised of a set of stocks.

A physical/digital place where stockbrokers and traders can buy and sell securities.

How banks work out what investors will pay for shares before an IPO, one order at a time.

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.