A trading order that is entered by market participants via computerized market systems (screen trading) as a bid or offer...

An exchange (venue) in which offers to trade are not disclosed to the public. Orders can be invisibly transmitted (and...

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

A market in which offers to trade are not disclosed to the public. Orders can be invisibly transmitted (and hence...

A source of market liquidity that is created through dark pools (dark liquidity pools) or black pools (black liquidity pools)....

A security (e.g., a stock) that doesn't meet the requirements of an exchange for being traded (purchased) on margin (margin...

The difference between the financing cost of an asset/ investment (e.g., a security) and its cash yield. In other words,...

A carry (net financing cost) in which the cost of borrowing money to fund an asset or investment (e.g., a...