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CMO+PO

A contra midpoint only (CMO) that comes with “post-only” functionality which allows the order, similar to a midpoint peg post-only...

Contra Midpoint Only with Post Only

A contra midpoint only (CMO) that comes with “post-only” functionality which allows the order, similar to a midpoint peg post-only...

Midpoint Pegging

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

Pegged-To-Midpoint Order

An order that allows traders to target a price at the midpoint of the National Best Bid and Offer (NBBO),...

Alternate Midpoint Peg Order

A peg order (midpoint peg order) that is used to peg the price to the less aggressive side of the...

Effective Bid-Ask Spread

The difference between trade price and midpoint. That is, it is the difference between the price at which a dealer...

Alternative Midpoint Peg Order

A peg order (midpoint peg order) that is used to peg the price to the less aggressive side of the...