It stands for market best bid or best offer; the best bid or offer price on the simple order book...

A broker who facilitates transactions between buy and sell sides and pass the names to both sides in order to...

The role that is assumed by a name-passing broker where quotes are supplied on request to counterparties to bilateral transactions...

The average amount of time for completion of an order. It is the average time between order receipt and order...

The average amount of time for completion of an order. It is the average time between order receipt and order...

The share-weighted average of realized spreads for order executions, depending on a market's side. For buy orders, it is equal...

The share-weighted average of effective spreads for order executions. For buy orders, it is calculated as double the amount of...

A peg (a pegged order) that has a floating execution price that is pegged to the movements of a midpoint...

A peg (a pegged order) that has a floating execution price that is pegged to the movements of a midpoint...

A trading algorithm that pegs its "floating" execution price to the movements of a reference price. It enables traders to...