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Non-Directed Order

An order that is placed by a client with a broker or dealer without specifying the market center (venue or...

News Flow Algorithm

A trading algorithm (algo) that uses news feeds in order to mine the text for trading opportunities and threats. To...

Nondirected Order

An order that is placed by a client with a broker or dealer without specifying the market center (venue or...

Newsflow Algorithm

A trading algorithm (algo) that uses news feeds in order to mine the text for trading opportunities and threats. To...

Primary Pegged Order

A pegged order that is indexed to the national best bid and offer (NBBO) on the same side of the...

Pegged-To-Market Order

An order (market order) whereby an investor instructs a broker to buy or sell securities at a price/ rate pegged...

Midpoint Peg Order

A type of non-displayed order that is pegged to the average of the National Best Bid (NBB) and National Best...

D-Peg

It is short for discretionary peg; by definition, it is a type of non-displayed order that is pegged to the...

Pegged Order

An order (market order) whereby an investor instructs a broker to buy or sell securities at a price/ rate pegged...

Peg Order

An order (market order) in which the price changes dynamically with the market until a set condition is met (or...