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Order Matching Orders, Execution & Market Structure qualitative The exchange process that pairs a buy order with a sell order at a compatible price to create a trade. Test: a trade occurs when the best bid price is greater than or equal to the best ask price Order-to-Trade Ratio Orders, Execution & Market Structure ratio (x, times) The number of orders a participant submits for each trade actually executed, used by exchanges to price message traffic. Order-to-Trade Ratio = Total Orders Submitted (including modifications and cancellations) / Number of Trades Executed Ordinary Resolution Corporate Actions, Dividends & Governance % A shareholder resolution requiring a simple majority of votes cast in favour to pass. Test: votes in favour exceed votes against among members voting, in person, by proxy or electronically Oscillator Indicators & Oscillators qualitative An indicator that moves within a bounded range, used to describe the pace of price change rather than its direction. Test: the indicator's output is confined between fixed limits, such as 0 to 100 or -100 to +100 Other Income Financial Statements & Accounting ₹ crore Income earned outside the company's main operations, such as interest, dividends received, rent or gains on asset sales. Other Income = Total Income - Revenue from Operations Out of the Money Derivatives, Futures & Options qualitative An option that would have no value if exercised immediately. Call: Spot < Strike; Put: Spot > Strike Outcome Bias Market Psychology & Behavioural Finance qualitative Judging the quality of a decision by how it turned out rather than by the information available when it was made. Test: two identical decision processes are evaluated differently solely because their outcomes differed Overbought Indicators & Oscillators qualitative A description of an oscillator reading above a conventional upper threshold, such as RSI above 70. Test: oscillator value exceeds its conventional upper threshold, typically 70 for RSI or 80 for stochastics Overconfidence Bias Market Psychology & Behavioural Finance qualitative The tendency to overestimate one's own knowledge, judgement or ability to predict outcomes. Test: stated confidence intervals are too narrow, so outcomes fall outside them far more often than the stated confidence implies Oversold Indicators & Oscillators qualitative A description of an oscillator reading below a conventional lower threshold, such as RSI below 30. Test: oscillator value falls below its conventional lower threshold, typically 30 for RSI or 20 for stochastics