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Displayed Market

A market in which orders (trades) are made visible to the public. A displayed market reveals to traders order book...

DLC

An abbreviation for dual-listed company; a corporate structure that results from a merger in which both companies remain incorporated independently....

Derivative Order

A type of limit order in which the limit price is derived from, or linked to, a given trading variable...

Best Algo

An algo (algorithm) that seeks out the best available price (execution price) for a security on any exchange or electronic...

Best Algorithm

An algorithm that seeks out the best available price (execution price) for a security on any exchange or electronic limit...

Best

An algorithm that seeks out the best available price (execution price) for a security on any exchange or electronic limit...

Cab

It is shortened form for cabinet trade; a transaction/ trade in an inactive security (bond, stock, etc.) These securities are...

Cabinet Trade

A transaction/ trade in an inactive security (bond, stock, etc.) These securities are not traded often, and as such, there...

Directed Order

An order that is placed by a client with a broker or dealer with instructions as to routing to a...

Dark Pool of Liquidity

A private platform (private exchanges) for trading securities, derivatives, and other financial instruments. Securities traded on dark pools are not...