A live good 'till cancelled stop order. It is an actual stop order that instructs a broker to sell a security...

A directional strategy that is deployed by high frequency traders, both as providers and users of liquidity, in the lookout...

The process whereby an order searches all available venues for the best price (whether best bid or best offer). This...

The market liquidity that is created by means of off-exchange trading such as upstairs markets and electronic trading platforms- i.e.,...

The period of trading that follows the New Year's day and lasts until the end of January every year. Normally,...

A seasonal rally in the broader market (especially of small loser stocks) that is caused, on the one hand, by...

A trading algorithm that is used by electronic traders to execute orders at a constant participation rate in sync with...

A component of execution costs; in turn, price impact cost consists of two components: bid-ask spread and price concession. It...

A type of price or trading transparency that involves providing information about prices at which trades at certain volumes may...

A type of price or trading transparency whereby a trading venue, out of its obligation, provides regulators and market participants...