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Sunshine Trading

A large trade that is intentionally publicized as an invitation to market participants to deal. Execution of the deal will...

Snake Algo

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

Resident Order

An order that rests in a venue (pool). It might be a dark order or a light order. Orders made...

Risk-Off Trading

Trading that involves less risky or riskless securities or secure trading positions. This usually initiates with dumping of risky securities...

Pre-Announced Trade

A large trade that is intentionally publicized as an invitation to market participants to deal. Execution of the deal will...

Daily VWAP

A form of VWAP (volume-weighted average price) that is calculated based on daily transactions. In other words, it is the...

Direct Rights Offering

A rights offering which doesn't involve a backstop commitment party, or standby purchaser. Effectively, the issuer only sells the number...

Downtick Order

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

Non-Cyclical Stock

A corporate stock which is relatively insensitive to the business cycle, i.e., it is immune to economic upturns and downturns....

Newsflow Algo

A trading algorithm (algo) that uses news feeds in order to mine the text for trading opportunities and threats. To...