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Good Until Canceled Order

An order (placed to buy or sell securities) that remains on the books until it is either executed or cancelled...

GTC Order

It stands for good til canceled order (good until canceled order); an order (placed to buy or sell securities) that...

Good Til Canceled Order

An order (placed to buy or sell securities) that remains on the books until it is either executed or cancelled...

Leg

In the context of trading, a leg is a single position taken in a transaction. If a trader buys 100...

Minus Tick

A trade price that is lower than the immediately prior trade price. It constitutes a trade (tick) at a smaller...

Open Order

An order (placed to buy or sell securities) that remains on the books until it is either executed or cancelled....

Haircut

The percentages that are deducted from the market value of securities, but not of exempted securities, in long or short...

Collateral Run

A situation that is characterized by a rush by borrowers to get their collateral back from broker-dealers (the lenders). Such...

Dispersion Trading

A mode of trading that involves taking a long position in the volatility of a basket or index of underlying...

Bonafide Quote

A displayed quote representing a bid to buy or offer to sell a specific quantity of a security (or any...