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Time and Sales

A running record of all trades that are executed on an exchange. It shows the sale prices and the time...

Turn-of-the-Month Effect

A calendar effect that is associated with calendar turning points. This implies that markets perform best at the start and...

Turn-of-the-Calendar Effect

A calendar effect that is associated with calendar turning points. This implies that markets perform best at the start and...

Tick Volume

The volume of securities traded per tick (i.e., per trade). Tick volume can be also defined as the number of...

Cross Trade

A transaction (trade) that is executed on the floor of an exchange by just one broker who simultaneously acts both...

Crossed Trade

An illegal and prohibited practice by which a broker offsets buy and sell orders without reporting the trade to the...