The total cost of a commodity transaction. It consists of all bid-ask spreads, exchange fees, the broker's commission (in a...

A market in which offers to trade are not disclosed to the public. Orders can be invisibly transmitted (and hence...

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

An electronic trading venue/ platform that is not required to provide to the public information like trade sizes prior to...

An option order whereby a trader can simultaneously buy and sell a number of different options that usually could only...

A crossing platform that handles flows from sell-side firms and highly sophisticated funds. Basically, it is run by a hedge...

It stands for time-weighted average price algo; an algorithm (algo) that allows users of electronic trading to execute orders based...

It stands for time-weighted average price algorithm; an algorithm that allows users of electronic trading to execute orders based on...

An algorithm that allows users of electronic trading to execute orders based on a constant participation rate through the period...

A security (e.g., a stock) that doesn't meet the requirements of an exchange for being traded (purchased) on margin (margin...