An order that is placed or posted for a sale or purchase of a large number of securities in one...

The process of splitting up a large trading order (e.g., block trade) into a number of smaller chunks, in order...

A liquidity pool that offers traders with large orders (sell orders/ buy orders), i.e., block orders, the means to trade...

A form of volume-weighted average price that excludes upstairs or block trades. Consequently, it is very important that a trader...

The opposite side of a trade (usually in relation to a block trade). Essentially, brokers or broker-dealers help market participants...

An order (buy or sell order) that is executed by a commodity pool operator or an advisory firm on behalf...

A trade that combines a number of smaller orders or orders having customized sizes into a single order. It is...

A form of volume-weighted average price (VWAP) that excludes upstairs or block trades. Consequently, it is very important that a...

An off-exchange market which consists of a network of trading desks for the major brokerage firms and institutional investors. The...

A large lot of securities (shares, bonds, etc.) that are traded in a single transaction. Typically, a lot consisting of...