It is short for snap to midpoint order; an order in which the original order price is set based on...

An order in which the original order price is set based on the current bid-ask spread plus or minus an...

A market condition that is characterized by magnified (more than proportional) price reactions to both positive and negative news. For...

A short-term change in the market direction (upward or downward) where price moves are confined to a primary market trend....

The practice whereby an order is not offered in the trading pit or ring, but is matched by a broker...

The amount of shares of stock that have been sold short and have not yet been delivered (i.e., repurchased to...

A trading style that capitalizes on small percentage moves in the prices of tradable assets (e.g., securities, commodities, etc). It...

An account whereby a brokerage firm may automatically transfer- or sweep- a client's surplus funds (unused cash) into a specific...

An account that is maintained by brokers to hold their customers' funds separate from the funds of the brokerage firm....

The process of purchasing securities or future contracts by short sellers willing to close their open positions. It involves the...