A measure of trading inefficiency- i.e., it measures the cost of trade implementation. For purchases (long positions), it is equal...

A trading algorithm that targets the closing price, and hence the name “market-on-close (MOC) algorithm”. This algorithm allows electronic traders...

A loss that results from a security making a sudden reversal immediately after a position is taken. The whipping action...

An illegal manipulative trading practice which involves entering into, or purporting to enter into, transactions in a way that gives...

The difference between trade price and midpoint. That is, it is the difference between the price at which a dealer...

A consolidation of outstanding shares (authorized and issued shares) that is carried out by a company to cut down the...

A consolidation of outstanding shares (authorized and issued shares) that is carried out by a company to cut down the...

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

The period of time that lapses between an announcement of an initial public offering (IPO) and the moment the shares...

A measure of trading inefficiency- i.e., it measures the cost of trade implementation. For purchases (long positions), it is equal...