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Crossed Trade

An illegal and prohibited practice by which a broker offsets buy and sell orders without reporting the trade to the...

Switch Order

An order (buy or sell order) that is placed by a customer determining that it will consist of two transactions...

Swap Order

An order (buy or sell order) that is placed by a customer determining that it will consist of two transactions...

Free Riding

The practice of purchasing of a security with little or no money down, holding it for a short period of...

Book Coloring

A practice that is used by high frequency traders (also known for this purpose as quote rate pirates) that involves...

Quoted Bid-Ask Spread

The difference between a market maker's (a dealer's) ask and bid price quotes at a given point in time. Traders...

Quote Stuffing

A practice that is used by high frequency traders (also known for this purpose as quote rate pirates) that involves...

Quote Spamming

A practice that is used by high frequency traders (also known for this purpose as quote rate pirates) that involves...

Hidden Order

An order that is not revealed to the market, and hence it is invisible to the public. Instead, it is...

Backdoor Listing

A maneuver that is often used by a privately-held company which has failed to secure an exchange listing,. By backdoor...