A source of market liquidity that is held in the form of blocks (block holdings) by institutional investors in their...

A trading order that is not routed and will get cancelled if there enters a matching contra-order in the venue...

An order (buy or sell order) that is placed in the market or a venue in advance of the public...

A directional strategy that is deployed by high frequency traders, both as providers and users of liquidity, in the lookout...

A trading algorithm that maintains a list of candidate trades to scan for execution. A list-based algorithm can be schedule-based...

A type of price or trading transparency that involves providing information about prices at which trades at certain volumes may...

A crossing network that only crosses block orders (institutional sized blocks, i.e., large institutional orders such as 10,000 shares). Retail...

A measure of trading inefficiency- i.e., it measures the cost of trade implementation. For purchases (long positions), it is equal...

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

The period of time that lapses between an announcement of an initial public offering (IPO) and the moment the shares...