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Mid-Point Order

An order that provides potential for price improvement by executing at the mid-point of the best bid and best offer...

IOC Order

It stands for immediate-or-cancel order; an order to buy or sell a security subject to an instruction to execute immediately...

Midpoint Order

An order that provides potential for price improvement by executing at the midpoint of the best bid and best offer...

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...

Midpoint Extended Life Order

An order (a non-display midpoint orders) that only executes against other same type orders (midpoint extended life orders), but different...

National Best Bid and Best Offer

A quote that reports best terms available for trades at the national level- i.e., the highest bid price and lowest...

TWAP Price

Time-weighted average price (TWAP) is the average price of a security over a specified period of time. It is a...

Mid-Point Pegged Order

An order that allows traders to target a price at the mid-point of the National Best Bid and Offer (NBBO),...

Midpoint Pegged Order

An order that allows traders to target a price at the midpoint of the National Best Bid and Offer (NBBO),...