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PNP Order

It stands for post no preference order; an order that is eligible to interact exclusively with interest on the same...

MPL ALO

It stands for midpoint liquidity (MPL) adding liquidity only order (ALO); an MPL order that is designated with an ALO...

LOB

It stands for limit order book; a list (record) of outstanding or resting limit orders that is maintained by a...

CLOB

An acronym for central limit order book; a limit order book that connected as a central network. It is a...

MQO

It stands for minimum quantity order; a limit order to buy or sell a security (contract) that will only execute...

MIDP

An acronym for midpoint routing option/ strategy; the strategy allows traders to search midpoint liquidity on an exchange's order book,...

CMO Order

It stands for contra midpoint only; a non-displayed order type that is priced at the midpoint between the best bid...

M-ELO

It stands for midpoint extended life order; an order (a non-display midpoint orders) that only executes against other same type...

NBBO Mid-Point

The mid-point of the national best bid and offer (NBBO); an order pegged to the NBBO mid-point (pegged-to-mid-point order) allows...

NBBO Midpoint

The midpoint of the national best bid and offer (NBBO); an order pegged to the NBBO midpoint (pegged-to-midpoint order) allows...