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Subject Offer

A quote for a bid or offer that is subject to the market maker’s/ dealer's reconfirmation. A subject quote may...

Subject Quote

A quote for a bid or offer that is subject to the market maker’s/ dealer's reconfirmation. A subject quote may...

Bona Fide Quote

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

Firm for One-Half Hour with a 5 Min Recall

A quote whereby a selling dealer has to stick to the price "quoted" for one-half hour, but still has the...

Single Event Latency

An event latency is the amount of time lapsing between the entry of the event into an inbound queue (incoming...

Unissued Stock

A corporation's shares of stock which are authorized by its articles of incorporation (charter), but have never been issued/ sold/...

Gold Stock

The stock of a publicly-traded company whose business concentrates on gold exploration, mining, or production. Gold stocks are a popular…

Call CN

A crossing network (CN) that receives and directs confidential bids and offers into the pool where all are held until…

Continuous Crossing Model

A matching model for crossing networks whereby orders are continuously executed whenever there is a matching order in the market.…

Continuous Crossing Pool

A type of dark pools whereby orders are continuously executed whenever there is a matching order in the market. In…