Filter by Categories
Accounting
Banking

Exchanges




ISO


It stands for intermarket sweep order; an order that sweeps across the exchange (exchanges) where it is placed, picking up as many securities as possible at the best prices (highest for a sell order and lowest for a buy order) available using a dedicated algorithm. It is generally a large quantity limit order that is placed across multiple exchanges simultaneously. An example is a market designation on an IOC limit order that allows the order to sweep the order book without considering any external quotes.

It provides a digital exception to the “order protection rule“, stipulating that orders (buy orders) have to be filled at the lowest price possible.



ABC
This section covers a wide-ranging array of terms and concepts, among others, in the area of exchanges and financial marekts at large ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*