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IOC ISO

It stands for immediate or cancel (IOC) intermarket sweep order (ISO); a market or limit order that is immediately executed,...

CMO

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

PLO

An acronym for passive liquidity order; a non-displayed order that allows market participants to provide liquidity to the market without...

NBBO

It stands for national best bid and offer; a quote that reports best terms available for trades at the national...

CUSIP Number 

A nine-character numbering system that is used to identify companies and individual securities in the United States and Canada. More…

Consortium CN

A crossing network (CN) that is established and owned by a consortium- i.e., a number of partners, such as banks,…

ASAM

It stands for automated search and match; an automated system that is used at the New York Stock Exchange (NYSE)…

OIB

It stands for order imbalance; a situation that arises when an exchange adjusts its quotes in the opposite direction of...

ZBT

An overbought/ oversold indicator that shows the percentage of stocks that are advancing on an exchange. It is computed by...

WI

It stands for when issued; a financial transaction that involves trading a security that has not yet been issued, but...