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Order Revision

Any modification that a trader makes to a already/ previously placed order that does not impact its type (buy or...

Limit Order Market

A market in which traders submit orders to either buy or sell a security/ commodity for a specific price and...

Limit Order

An order to buy or sell a security or commodity at a pre-defined price (at most for a buy order...

Inside-The-Quote Limit Order

A limit order (a buy order) that restricts the maximum price (payable) to a level higher than the national best...

On-The-Quote Limit Order

A limit order (a buy or sell order) that restricts the maximum price (payable) to the current bid in the...

Limit Order

An order that is submitted by a bidder (individual or institutional investor) to an underwriter, in an initial public offering...

Market Order

A type of order or bid that is submitted by investors who then pay at the offer price that will...

Option Order

An order that a trader places for the purpose of buying or selling an option. When placing an option order,...

Pegged-To-Midpoint Order

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

Market Best Bid or Best Offer

The best bid or offer price on the simple order book on an exchange. The best price is usually associated...