A jargon term (coined in the early 1990s) that surfaced in the market in the aftermath of changing the minimum...

A trading algorithm that pegs its "floating" execution price to the movements of a reference price. It enables traders to...

A trading algorithm that capitalizes on minimization of implementation shortfall (IS). To that end, it balances the trade-off between market...

An order that follows, and then is placed at, the best bid, when buying a security (a buy order), and...

A method for calculating a stock market index whereby the investment in each component of a given market-representative portfolio is...

A market correction that results from investors' sales of securities to cash in on capital gains. This is usually the...

A trade price that is higher than the immediately prior trade price. It constitutes a trade (tick) at a higher...

The sale of a stock after its price has rapidly risen in order to cash in on capital gains. Profit...

A written document (power of attorney) whereby a shareholder authorizes someone else, typically another shareholder or the company's management, to...

An order that allows traders/ investors to pursue a more aggressive price than the National Best Bid and Offer (NBBO)....