It stands for market on close; an order that is placed with a broker of securities or commodities by a...

Pegging an order with reference to the midpoint between the inside bid and the inside offer. For example, if the...

Pegging an order with reference to the inside quotation on the opposite side of the market. An order placed with...

A limit order that, once placed/ entered, the bid or offer is automatically priced by the system, as per the...

It stands for market maker peg order; a limit order that, once placed/ entered, the bid or offer is automatically...

A market peg order that is tied to the opposite side of the best market quote (NBBO). A market reverse...

An order whereby a trader can follow the best bid, when selling a security, and the best offer, when buying...

A reduction to the price at which a broker-dealer sells securities out of its inventory, as a negative compensation for...

An additional layer to the price at which a broker-dealer sells securities out of its inventory, as a compensation for...

An algorithm that seeks out the broker algorithm or a set of broker algos that would best suit the needs...