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Volume Participation Algo

A trading algo that is used by electronic traders to target a specific order execution volume in line with the...

Volume Participation

A cost-optimization strategy that is used by traders to reduce average costs of trading or a specific trade. This strategy...

VWAP Trading Algorithm

A trading algorithm on volume-weighted average price (VWAP). It is one of the most popular trading algorithms whereby a trader...

VWAP

It stands for volume-weighted average price. It is the ratio of the value of securities traded to the total volume...

VWAP Benchmark

A volume-weighted average price (VWAP) is a proxy for fair market value. It is given by: VWAP PnLbp = -1...

Electronic Communication Network

An electronic trading system that uses sophisticated algorithms to transmit orders in real time and optimally and automatically match buyers...

ECN

It stands for an electronic communication network; an electronic trading system that uses sophisticated algorithms to transmit orders in real...

Exchange Crossing Network

A crossing network that is wholly or mostly owned by a stock exchange. By owning its crossing network, an exchange...

Ex-Scrip Issue of Shares

An issue of shares which is sold without conferring on the buyers/ holders the right to receive shares which may...

Hybrid Network

A crossing network (CN) that combines firm and negotiated orders in the pool. In other words, it has the features...