Glossary
Demand
Demand is the economic principle describing a consumer’s willingness and ability to purchase a good or service at a given price over a specific period of time.
Market Structure
Glossary
Dark Pool
A dark pool is a private trading venue where securities are bought and sold without public disclosure until after execution, allowing large investors to trade with reduced market impact.
Glossary
Options Contracts (and Futures Contracts)
Options and futures contracts are financial agreements that derive their value from an underlying asset and are used to gain exposure to price movements without owning the asset directly.
Glossary
Blockchain
Blockchain is a decentralized, distributed digital ledger that records data across multiple computers in a secure, transparent, and immutable way.
Glossary
Bid
A bid is an offer made by a buyer to purchase an asset at a specified price and quantity. It represents the highest price a buyer is willing to pay at a given time.
Glossary
Ask
The ask, also called the offer price, is the price at which a seller is willing to sell a security, along with the quantity available at that price.
Glossary
What Is an Alternative Trading System (ATS)?
An Alternative Trading System (ATS) is an electronic trading venue that matches buyers and sellers of securities outside traditional stock exchanges.