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Long End of the Market

The furthest or far-way time horizon of a market for a specific investment/ security, commodity, etc. Generally speaking, it is...

Bid-Ask Spread

The difference between bid and offer prices (ask prices) for securities trading on exchanges or other types of venues. In...

Average Realized Spread

The share-weighted average of realized spreads for order executions, depending on a market's side. For buy orders, it is equal...

Average Effective Spread

The share-weighted average of effective spreads for order executions. For buy orders, it is calculated as double the amount of...

Effective/ Quoted Spread Ratio

The ratio of the effective spread (share-weighted average of the execution price and the midpoint of the National Best Bid...

Effective Spread

A spread that is equal to twice the difference between the midpoint of the bid-ask spread and the price paid...

EFQ

It stands for effective spread over quoted spread; the ratio of the effective spread (share-weighted average of the execution price...

Effective Spread Over Quoted Spread

The ratio of the effective spread (share-weighted average of the execution price and the midpoint of the National Best Bid...

Tick Size

The smallest or minimum price increment (tick) in which the prices of tradable securities (investments, stocks, bonds, futures, etc.) are...

Mid-Point Order

A peg (a pegged order) that has a floating execution price that is pegged to the movements of a midpoint...