Dictionary
L
Terms starting with L
5 terms
L
ProcessPro
Last Look
A practice where a liquidity provider retains the right to reject or re-quote an order after receiving it, introducing a brief delay before execution.
L
MetricIntermediate
Latency
The time delay between submitting a trade order and its execution, typically measured in milliseconds.
L
ProcessIntermediate
Liquidity Aggregation
The process of pooling quotes and depth from multiple liquidity providers to create a more competitive and resilient pricing environment.
L
ConceptBeginner
Liquidity Provider
A financial institution (bank, prime broker, or ECN) that supplies buy and sell quotes, enabling brokers to fill client orders.
Also: LP
L
ConceptBeginner
Lot Size
The standardized quantity of a financial instrument in a single trade, with a standard lot in FX being 100,000 units of the base currency.
Also: Standard Lot, Mini Lot, Micro Lot