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AON

It stands for all or none; an order (trading order) that is placed along with a stipulation that it cannot...

Ask Size

The total number of securities that are offered for sale at the current quote in a given market. Differently stated,...

Bid Size

The total number of securities, belonging to a specific issue, that all buyers offer to purchase at the best bid....

Reserve Order

A trading order (a type of limit order) that is only partly displayed to the market. In this sense, it consists of a...

Trading Order

An instruction to buy, sell, or short an investment (e.g., a share of stock, a bond, an option, etc.) defining...

Iceberg Order

A trading order (a type of limit order) that is only partly displayed to the market. In this sense, it consists of a...

Contra Profit

The positive difference between the selling price and initial purchase price of a stock (stocks) in a contra transaction (contra trading). Stocks...

Best Bid

The highest price at which market makers, in a given market, offer to buy an investment (e.g., a security: a...

Best Ask

The lowest price at which market makers, in a given market, offer to sell an investment (e.g., a security: a...

Basket Trade

One trade that involves a basket of securities (or derivative instruments). In other words, it initiates based on instructions for...