A trading algorithm that is used by electronic traders to execute orders at a constant participation rate in sync with...
A component of execution costs; in turn, price impact cost consists of two components: bid-ask spread and price concession. It...
A type of price or trading transparency that involves providing information about prices at which trades at certain volumes may...
A type of price or trading transparency whereby a trading venue, out of its obligation, provides regulators and market participants...
A provisional certificate, usually issued by a firm, that entitles the holder to receive a fractional share of stock. This...
A placeholder quote for stocks that is used by a market maker that wants to quote one side of a...
A client order that is resident in the internal book of a broker/ dealer with a duplicate that has an...
An order (buy or sell order) that is placed by an investor seeking to establish or offset a position by...
A trading order that is entered by market participants via computerized market systems (screen trading) as a bid or offer...
A trading order that is entered by market participants via computerized market systems (screen trading) as a bid or offer...