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Primary Peg Order

An order that follows, and then is placed at, the best bid, when buying a security (a buy order), and...

Deal Flow

The rate of new deals that come in to the investment banking unit of a brokerage firm (broker), including proposals...

Price-Weighted Average

A method for calculating a stock market index whereby the investment in each component of a given market-representative portfolio is...

Profit Taking Correction

A market correction that results from investors' sales of securities to cash in on capital gains. This is usually the...

Plus Tick

A trade price that is higher than the immediately prior trade price. It constitutes a trade (tick) at a higher...

Profit Taking

The sale of a stock after its price has rapidly risen in order to cash in on capital gains. Profit...

Proxy

A written document (power of attorney) whereby a shareholder authorizes someone else, typically another shareholder or the company's management, to...

Indirect Bucketing

A type of bucketing (order bucketing) that takes place when a brokerage firm (broker) takes a position on the other...

Bucketing

The practice whereby an order is not offered in the trading pit or ring, but is matched by a broker...

Closing Quote

The final bid and ask price that a market maker, or a specialist, states at the end of a trading...