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

A form of cross in which two counterparties (a buyer and a seller) get a mid-quote fill price from a...

A trading algorithm that targets the closing price, and hence the name “market-on-close (MOC) algorithm”. This algorithm allows electronic traders...

A trading algorithm (algo) that targets the closing price, and hence the name “market-on-close (MOC) algo”. This algorithm allows electronic...

On the London Stock Exchange (LSE), it refers to the minimum number of shares in which market makers are registered...

A component of execution costs; in turn, market impact cost consists of two components: bid-ask spread and price concession. It...

An illegal practice that involves placing a quote that would be canceled prior to its execution. The happens when a...

A type of spoofing that is carried out by rapidly placing and canceling an order (the same order) in order...

An algorithm that is used, in electronic trading, to manage the cost and risk of a single stock. A single-stock...

An algo (algorithm) that seeks out filling and posting orders into the day’s close in order to secure a price...