A new issue (of securities) by a publicly traded company, particularly new shares of stock, to raise additional capital. The...

An order book that only contains the basic components: sizes and prices. It is a simple electronic list of buy...

Pegging an order with reference to the midpoint between the inside bid and the inside offer. For example, if the...

Pegging an order with reference to the inside quotation on the same side of the market. For the price of...

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

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

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

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

A quote that reports best terms available for trades at the national level- i.e., the highest bid price and lowest...

It stands for national best bid and offer; a quote that reports best terms available for trades at the national...