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Market Pegging

Pegging an order with reference to the inside quotation on the opposite side of the market. An order placed with...

Market Maker Peg

A limit order that, once placed/ entered, the bid or offer is automatically priced by the system, as per the...

MM Peg

It stands for market maker peg order; a limit order that, once placed/ entered, the bid or offer is automatically...

Passive Liquidity Select Order

A passive liquidity order (PL order/ PLO) that is, once entered, it will not interact with an incoming order that...

PL Select Order

It stands for passive liquidity select order; a passive liquidity order (PL order/ PLO) that is, once entered, it will...

PL Order

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

Halt Cross

An open and transparent process that aims to create a single price for halt resumptions (resumption of trading after a...

Market Reverse Peg Order

A market peg order that is tied to the opposite side of the best market quote (NBBO). A market reverse...

Reverse Peg Order

A market peg order that is tied to the opposite side of the best market quote (NBBO). A reverse peg...

IPO Cross

In relation to an initial public offering (IPO), it is the first public trade/ transaction. It is a mechanism to...