A short-term trading strategy that capitalizes on price changes during the day (trading session). It uses positions opened and closed...

A market (market setting) that provides voice brokerage and electronic brokerage services. It is an exchange that provides traders with...

The smallest or minimum price increment (tick) in which the prices of tradable securities (investments, stocks, bonds, futures, etc.) are...

The tick size for a security trading on an exchange that meets the criteria of effectiveness. It is a ratio...

A ratio that measures the effective tick size (tick size) for a security trading on an exchange. It is calculated...

It stands for queue jumping; a practice by specific traders on an exchange who exploit sub-penny venues (SPVs) to post...

A practice by specific traders on an exchange who exploit sub-penny venues (SPVs) to post orders on a finer grid...

It stands for implementation shortfall; a measure of trading inefficiency- i.e., it measures the cost of trade implementation. For purchases...

A trading algorithm (algo)- specifically, a pegging algorithm- that can passively capture price spread by having access to a venue's...

A minimum acceptable quantity (MAQ) order that is subject to "I would" levels to finish the order at a user-specific...