It stands for market maker peg order; a limit order that, once placed/ entered, the bid or offer is automatically...

A passive liquidity order (PL order/ PLO) that is, once entered, it will not interact with an incoming order that...

It stands for passive liquidity select order; a passive liquidity order (PL order/ PLO) that is, once entered, it will...

It stands for passive liquidity order; a non-displayed order that allows market participants to provide liquidity to the market without...

A market peg order that is tied to the opposite side of the best market quote (NBBO). A market reverse...

A market peg order that is tied to the opposite side of the best market quote (NBBO). A reverse peg...

An acronym for passive liquidity order; a non-displayed order that allows market participants to provide liquidity to the market without...

A non-displayed order that allows market participants to provide liquidity to the market without publicly revealing their trading plans or...

An order whereby a trader can follow the best bid, when selling a security, and the best offer, when buying...

A market system in which buyers bid against each other to reach the selling price of the security or instrument…