An inter-dealer brokerage that is carried out (mainly for OTC contracts: OTC derivatives) via voice transmitting medium including telephone, instant...

A broker/ agent who assumes the role of a transaction match maker- bringing market participants together, typically financial intermediaries, seeking...

A slippage that occurs when an order is executed at a less favorable (lower for a sell order, and higher...

A slippage that occurs when an order is executed at a more favorable (higher for a sell order, and lower...

The consolidation of all national markets' best quotations (on both sides) as reflected in the calculation and dissemination of the...

The average amount of time for completion of an order. It is the average time between order receipt and order...

The average amount of time for completion of an order. It is the average time between order receipt and order...

The consolidation of all national markets' bid-ask spread quotations as reflected in the calculation and dissemination of the highest firm...

An abbreviation for reduced tick spread instrument; instruments that trade, separately in their own markets, at a smaller tick (tick...

The immediate or nearby time horizon of a market for a specific investment/ security, commodity, etc. Generally speaking, it is...