Phrase
Reviewed phrase guides in Phrases & Idioms.
A
Acid TestActionable Indication of InterestAdministrative DataAffiliate of a SubscriberAggregate Quotation SizeAlternative Trading SystemAt ScaleAt StakeAt the End of the DayAuction InformationAutomated QuotationAutomated Trading CenterAverage Effective SpreadAverage MidpointAverage Percentage Effective SpreadAverage Percentage Realized SpreadAverage Quoted SpreadAverage Realized Spread
B
Bad Rap vs. Bad WrapBallpark FigureBe That As It MayBear MarketBest Available Displayed PriceBest Bid and Best OfferBid or OfferBid-Ask SpreadBlack BoxBlack SwanBlank CheckBlind SpotBlock SizeBoiling PointBottleneckBottom LineBread and ButterBreaking PointBull MarketButterfingersButterfly EffectBuyer’s MarketBy All MeansBy ChanceBy the Book
C
Can of WormsCase in PointCategorized by Order SizeCategorized by Order TypeCategorized by SecurityChain of EventsChain ReactionChange of PaceClose RanksCome Full CircleCommercial Paper Under Regulation ATSCommon DenominatorCommon GroundCompeting ConsolidatorConsolidated DisplayConsolidated Last Sale InformationConsolidated Market DataConsolidated Market Data ProductControl Under Regulation ATSCore DataCorporate Debt SecurityCovered OrderCovered Person Under Regulation ACCredit CrunchCredit SpreadCritical MassCrossed MarketCustomer Limit OrderCustomer OrderCustomer Under Regulation NMS
D
E
Easier Said Than DoneEconomic MoatEffective National Market System PlanEffective SpreadEffective Transaction Reporting PlanElectronic Communications NetworkEvery Now and ThenExcess Bond PremiumExchange Market MakerExchange-Traded SecurityExecutableExecutable Stop Marketable Limit OrderExecutable Stop Non-Marketable Limit OrderExecuted at the QuoteExecuted Outside the Best Available Displayed PriceExecuted Outside the QuoteExecuted With Price ImprovementExecuted With Price Improvement Relative to the Best Available Displayed Price
F
G
H
I
J
K
L
M
Make Publicly AvailableManual QuotationMany Happy ReturnsMarket Center Under Regulation NMSMarket CorrectionMarket DepthMarket LiquidityMarket RallyMarket ResiliencyMarketable Limit OrderMidpoint-or-Better Limit OrderMixed BagMixed BlessingMixed LotMoney PitMoot PointMoral HazardMother’s Maiden NameMoving TargetMoving the NeedleMoving Ticker
N
O
P
Pain PointPaper TigerPar for the CourseParticipantsPayment for Order FlowPerfect StormPie in the SkyPlan ProcessorPoint of ContentionPoint of No ReturnPoint TakenPoison PillPoisoned ChalicePressure PointPrice ImpactPrice ImprovementPrice WarPrimary Listing ExchangeProfit-Sharing RelationshipProtected QuotationPublic Appearance Under Regulation ACPublished Aggregate Quotation SizePublished Bid and Published OfferPublished Quotation SizePull the StringsPull Your WeightPyrrhic Victory
Q
R
Race to the BottomRead Between the LinesReality CheckRealized SpreadRed FlagRed HerringRegistered Broker or Dealer Under Regulation ACRegular Trading HoursRegulatory DataResearch Analyst Under Regulation ACResearch Report Under Regulation ACResponsible Broker or DealerRevised Bid or OfferRevised Quotation SizeRipple EffectRisk AppetiteRisk AversionRisk PremiumRisk ToleranceRisk-OffRisk-OnRoot CauseRound LotRule of Thumb
S
Sacred CowSafe HavenSelf-AggregatorSelf-Fulfilling ProphecySelf-Regulatory OrganizationSelf-Regulatory Organization-Specific Program DataSeller’s MarketSet the Record StraightShed Some LightShot Across the BowSilver BulletSkin in the GameSmoking GunSnowball EffectSo Far So GoodSpecified PersonsSponsorSponsor Under Regulation NMSSRO Display-Only FacilitySRO Trading FacilitySticking PointStraw ManStumbling BlockSubject SecuritySubject to ChangeSubscriber Under Regulation ATSSunk CostSword of Damocles
T
Take a Back SeatTake the PlungeTerm PremiumTerm SpreadThe Bigger PictureThe Way ForwardThird Party Research Analyst Under Regulation ACTick SizeTicking Time BombTime of Order ExecutionTime of Order ReceiptTime of the TransactionTipping PointTrade-ThroughTrading CenterTrading RotationTransaction ReportTransaction Reporting AssociationTransaction Reporting PlanTrial BalloonTrojan HorseTurning Point