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Liquidity Aggregation Venue

A platform where market liquidity (for a specific type of products or instruments such as FX, commodities, precious metals, etc.)...

Latent Order

An order that lurks in a market (usually a dark market) awaiting execution as per the set instructions accompanying it....

Limit Order Market

A market in which traders submit orders to either buy or sell a security/ commodity for a specific price and...

Limit Order

An order to buy or sell a security or commodity at a pre-defined price (at most for a buy order...

Long End of the Market

The furthest or far-way time horizon of a market for a specific investment/ security, commodity, etc. Generally speaking, it is...

Lit Would MAQ

A minimum acceptable quantity (MAQ) order that is subject to "I would" levels to finish the order at a user-specific...

Light Pool Market

A type of market or stock exchange setting (ECN) where the order book (e.g., securities and price levels) is made...

LIT

An abbreviation for lit market; a type of market or stock exchange setting (ECN) where the order book (e.g., securities...

Lit Market

A type of market or stock exchange setting (ECN) where the order book (e.g., securities and price levels) is made...

Leg

In the context of trading, a leg is a single position taken in a transaction. If a trader buys 100...