A practice by specific traders on an exchange who exploit sub-penny venues (SPVs) to post orders on a finer grid...
An acronym for sub-penny trading; a trading practice where brokers and dealers post orders in dark (invisible) venues and unregulated...
A trading practice where brokers and dealers post orders in dark (invisible) venues and unregulated markets in increments small than...
A peg (a pegged order) that has a floating execution price that is pegged to the movements of a midpoint...
A jargon term (coined in the early 1990s) that surfaced in the market in the aftermath of changing the minimum...
A jargon term (coined in the early 1990s) that surfaced in the market in the aftermath of changing the minimum...
A trading algorithm that pegs its "floating" execution price to the movements of a reference price. It enables traders to...
It stands for implementation shortfall; a measure of trading inefficiency- i.e., it measures the cost of trade implementation. For purchases...
A trading algorithm (algo)- specifically, a pegging algorithm- that can passively capture price spread by having access to a venue's...
A trading algorithm that capitalizes on minimization of implementation shortfall (IS). To that end, it balances the trade-off between market...