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Snake Algorithm

A trading algorithm that combines displayed liquidity (lit liquidity) and non-displayed liquidity (dark liquidity) with aggressive and passive strategies. This...

Streaming Liquidity Pool

A dark pool that that does not place a minimum size (block size) for each order. It allows participants to...

Step-Up Order

An order (buy or sell order) that is placed in the market or a venue in advance of the public...

Scripophily

The trading of old securities certificates as collectors' items. Due to the specific nature of this trading, these certificates have...

Market Bias

The situation which the majority of investors perceive the broader market to be in: an uptrend (a bullish bias) or...

Market Sentiment

The situation which the majority of investors perceive the broader market to be in: an uptrend (a bullish bias) or...

MQS

It stands for minimum quote size; on the London Stock Exchange (LSE), it refers to the minimum number of shares...

Mid-Point Peg Order

A peg order that links the price to the exact mid-point between the bid price and the offer price of...

Cross

A securities transaction that involves a broker acting, at the same time, as agent in both sides of the trade....

Correction

A temporary change of direction in a market trend where stock prices abruptly drop, losing their gains in a bull...