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OPG

It stands for open price gap; the time of a trading session that marks its opening or reopening. It is...

Out-Firm Quote

A firm quote (aka, bona fide quote) that will be firm (i.e., be holding) for a specified period, usually an...

OIB

It stands for order imbalance; a situation that arises when an exchange adjusts its quotes in the opposite direction of...

Order Imbalance

A situation that arises when an exchange adjusts its quotes in the opposite direction of arriving trades. This instigates a...

Order Book Size

The number of orders in the order book of a security that come up immediately after the auction. Each exchange...

Over-The-Counter Stock

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

Order Latency

The amount of time it takes an order to be executed. It is the time delay between the time an...

Order Cancellation

The removal of a previously placed order to buy or sell securities as demanded by a trader before it has...

Order Revision

Any modification that a trader makes to a already/ previously placed order that does not impact its type (buy or...

On-The-Quote Limit Order

A limit order (a buy or sell order) that restricts the maximum price (payable) to the current bid in the...