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Post No Preference Order

An order that is eligible to interact exclusively with interest on the same exchange. The order will not route, and...

PNP Order

It stands for post no preference order; an order that is eligible to interact exclusively with interest on the same...

MPL ALO

It stands for midpoint liquidity (MPL) adding liquidity only order (ALO); an MPL order that is designated with an ALO...

LOB

It stands for limit order book; a list (record) of outstanding or resting limit orders that is maintained by a...

Limit Order Book

A list (record) of outstanding or resting limit orders that is maintained by a specialist at an exchange/ trading venue,...

MQO

It stands for minimum quantity order; a limit order to buy or sell a security (contract) that will only execute...

Minimum Quantity Order

A limit order to buy or sell a security (contract) that will only execute if a minimum amount of the...

MIDP Routing Strategy

An acronym for midpoint routing option/ strategy; the strategy allows traders to search midpoint liquidity on an exchange's order book,...

IOC

It stands for immediate-or-cancel order; an order to buy or sell a security subject to an instruction to execute immediately...

MIDP

An acronym for midpoint routing option/ strategy; the strategy allows traders to search midpoint liquidity on an exchange's order book,...