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Third Market Maker

A third-party firm that stands ready to buy or sell exchange-listed stocks at publicly quoted prices, as opposed to market...

Twilight Pool

A market trading platform (pool) that is a middle ground between a dark pool and a light pool. The pool...

Turn-Round Rate

The total cost of a commodity transaction. It consists of all bid-ask spreads, exchange fees, the broker's commission (in a...

Upside Potential

The difference between the current trading price of a security and the level to which it is expected to rise...

Uptick Volume

The trading volume that occurs on upticks. In other words, it refers to the trading volume when stock prices increase,...

Uptick Order

An execution order (specifically a tick-senstitive order) that triggers the purchase or sale of securities if the market moves up...

Uptick Price

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

Unlisted Stock

A stock that is not traded on a major or regional exchange (organized exchange) but rather over the counter (OTC)....

Nonmanipulative Short Squeeze

A type of short squeeze that occurs unintentionally when stock lenders recall their stocks (e.g., to settle a stock sale)...

Non-Block Volume-Weighted Average Price

A form of volume-weighted average price that excludes upstairs or block trades. Consequently, it is very important that a trader...