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Banking

Iceberg Order

A trading order (a type of limit order) that is only partly displayed to the market. In this sense, it consists of a...

Contra Profit

The positive difference between the selling price and initial purchase price of a stock (stocks) in a contra transaction (contra trading). Stocks...

Best Bid

The highest price at which market makers, in a given market, offer to buy an investment (e.g., a security: a...

Best Ask

The lowest price at which market makers, in a given market, offer to sell an investment (e.g., a security: a...

Basket Trade

One trade that involves a basket of securities (or derivative instruments). In other words, it initiates based on instructions for...

Basket Order

One order that involves a basket of securities (or derivative instruments). In other words, it initiates based on instructions for...

Alternative Asset Class

An asset class that includes non-traditional types of assets such as real assets, funds, private equity, etc. Alternative asset classes...

Daily Price Limits

A regulatory response to a state of extreme volatility in the market whereby policymakers require all trade prices to stick...

Price Limits

A regulatory response to a state of extreme volatility in the market whereby policymakers require all trade prices to stick...

Trading Halt

A regulatory response to a case of extreme volatility in trading.This is meant to stop trading (and irrational buying or...