Trading Glossary

First In First Out (FIFO) is a tax lot-matching method. This is the default method for matching tax lots. Under FIFO, sales are paired with the earliest purchases sequentially. FIFO assumes that assets remaining in inventory are matched to the most recently purchased or produced assets.

Free-float Methodology refers to an index construction methodology that takes into consideration only those shares issued by the company that are readily available for trading in the market (generally excludes promoters' holding, government holding, and other locked-in shares that will not come to the market for trading in the normal course)