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TWAP

It stands for time-weighted average price; the average price of securities or contracts over a specific period of time. It...

Time-Weighted Average Price Algorithm

An algorithm that allows users of electronic trading to execute orders based on a constant participation rate through the period...

Time-Weighted Average Price

The average price of securities or contracts over a specific period of time. It is computed by picking up prices...

Margin Account

A brokerage account that is used for the purpose of lending money to clients seeking to fund investment transactions (trades)...

Non-Marginable Security

A security (e.g., a stock) that doesn't meet the requirements of an exchange for being traded (purchased) on margin (margin...

Marginable Security

A security (e.g., a stock) that meets the requirements of an exchange for being traded (purchased) on margin (margin trading)....

Net Financing Cost

The difference between the financing cost of an asset/ investment (e.g., a security) and its cash yield. In other words,...

Cost of Carry

The difference between the financing cost of an asset/ investment (e.g., a security) and its cash yield. In other words,...

Carry

The difference between the financing cost of an asset/ investment (e.g., a security) and its cash yield. In other words,...

Positive Carry

A carry (net financing cost) in which the profit (current yield) earned from a funded asset/ investment (e.g., a security)...