A trading order that rests for a while on a dark platform in search of large hidden orders. Ping orders are typically used to locate...

The process of sending out small orders to uncover the existence of large buyers or sellers (large bids or offers) in a matching engine/ venue (e.g., a dark...

Any type of order that is associated with a trigger condition (trigger point/points) in addition to the trading price, quantities and expiration...

A large block of shares that can be sliced by dividing it into smaller lots (known as the child orders) in execution of...

A trading algorithm (algo) that targets the closing price, and hence the name “market-on-close (MOC) algo”. This algorithm allows electronic traders to capture the last...

A trading order that remains in a designated venue for a single matching cycle and after completion of the cycle any unfilled portion will be routed...