Tous les livres

Professionnel

Applis À propos Coach Connexion Commencer la lecture

Quantitative Finance · Glossaire

Qu'est-ce que « Locked and crossed markets » ?

Aussi appelé : locked market · crossed market

Definition 8.3 Microstructure and Execution · Chapitre 8 — Fragmentation and Routing

The market is locked when the best bid on one venue equals the best offer on another, and crossed when it is higher. Neither can happen within one book, whose matching engine would trade the two; across venues each book sees only itself.

Lire dans le chapitre →