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Banking

Marketable Buy Order

A marketable limit order that the broker or exchange can execute immediately when it is submitted by a buyer. It...

Bunched Order

An order (buy or sell order) that is executed by a commodity pool operator or an advisory firm on behalf...

Basket Algorithm

A trading algorithm that is used by electronic traders to execute orders on a basket of securities simultaneously (i.e., optimized...

Bunched Trade

A trade that combines a number of smaller orders or orders having customized sizes into a single order. It is...

SoftStop Algorithm

A trading algorithm that is embedded with a stop loss/ limit strategy, allowing users of electronic trading to lessen or...

Soft Stop

The unofficial price at which a trader believes time is up to exit a position. Traders don't actually place the...

Hard Stop

A live good 'till cancelled stop order. It is an actual stop order that instructs a broker to sell a security...

Ships Passing In The Night

A metaphor (idiom) that describes a situation where orders in the lookout for contra flow may not find each other...

Order Consolidation

The process of grouping large orders together rather than allocating these orders up front. In other words, it involves combining...

Front Ending

The practice whereby a dealer positions a part of a customer block order in a proprietary account to use its...