Matched bargain: related pages
Limit order An order to purchase securities within a price limit.
Market maker A dealer who receives privileges in share dealing in return for providing liquidity, usually by always quoting firm bid and offer prices.
Mid-price The average of the bid and offer prices.
Market order an order to buy or sell a quantity of securities at the current market price.
Agency cross A trade that a broker matches directly between two of its clients, bypassing the market.
Call auction Trading securities in batches: orders are collected, a price fixed that maximises the volume traded, and whatever orders can trade at that price execute.
Matched bargain Trading systems in which investors’ offers to buy and sell securities are directly matched with each other rather than through market makers.
Quote driven trading system A trading system that operates by matching orders against market maker's quotes rather than against other orders.
Stop loss A trade that is made in order to limit the loss caused by an adverse price movement.
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