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Best Ask

The lowest price at which market makers, in a given market, offer to sell an investment (e.g., a security: a...

Basket Trade

One trade that involves a basket of securities (or derivative instruments). In other words, it initiates based on instructions for...

Basket Order

One order that involves a basket of securities (or derivative instruments). In other words, it initiates based on instructions for...

Book Coloring

A practice that is used by high frequency traders (also known for this purpose as quote rate pirates) that involves...

Backdoor Listing

A maneuver that is often used by a privately-held company which has failed to secure an exchange listing,. By backdoor...

Basket Algo

A trading algo (algorithm) that is used by electronic traders to execute orders on a basket of securities simultaneously (i.e.,...