The process whereby an order searches all available venues for the best price (whether best bid or best offer). This...

The market liquidity that is created by means of off-exchange trading such as upstairs markets and electronic trading platforms- i.e.,...

It stands for over the counter; a non-physical market place where a widespread assembly of dealers (market makers) and their...

A non-physical market place where a widespread assembly of dealers (market makers) and their clients transact away from the premises...

A technical market indicator that involves relative odd-lot short trading by small investors. This ratio relates odd-lot short sales over...

An abbreviation for odd-lot trading ratio; the average daily odd-lot trading divided by total market volume for the day. In...

The average daily odd-lot trading divided by total market volume for the day. In other words, it is the ratio...

An old-fashioned trading system that involves verbal bids and offers, where member traders gather on the trading floor of an...

A market in which orders placed by all traders are accumulated and crossed based on the rules of order precedence. These rules determine...

An order to buy or sell a security (stock, bond, etc.) in a non-standard amount- i.e., not a multiple of...