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Accounting
Banking

Indirect Bucketing

A type of bucketing (order bucketing) that takes place when a brokerage firm (broker) takes a position on the other...

Bucketing

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

Stop-Running

A market practice whereby prices are bid up or down on purpose in order to generate stop orders. Professional traders...

Snowballing

The effect that arises from the activation of stop orders in a declining or advancing market, leading to further downward...

Pegged-To-Primary Order

An order that allows traders/ investors to pursue a more aggressive price than the National Best Bid and Offer (NBBO)....

Relative Order

An order that allows traders/ investors to pursue a more aggressive price than the National Best Bid and Offer (NBBO)....

Non-Directed Order

An order that is placed by a client with a broker or dealer without specifying the market center (venue or...

Nondirected Order

An order that is placed by a client with a broker or dealer without specifying the market center (venue or...

Primary Pegged Order

A pegged order that is indexed to the national best bid and offer (NBBO) on the same side of the...

Pegged-To-Market Order

An order (market order) whereby an investor instructs a broker to buy or sell securities at a price/ rate pegged...