Instruction given to a dealer to buy or sell at the best possible rate that can be obtained.
At Best
Related Terms
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The bid/ask spread is the difference between the bid and ask price. The “ask” price is also known as the “offer” price. It’s the difference between the buyer’s and seller’s prices. The “bid...
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Secured Overnight Financing Rate (SOFR) is the secured overnight funding rate in USD. It is a rate published by the New York federal reserve based upon secured overnight transactions in the repo...
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Liquidity describes the extent to which an asset can be bought and sold quickly, and at stable prices, and converted to cash. Liquidity refers to how quickly and at what cost one can sell an asset,...
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The Commodity Channel Index (CCI) is a technical indicator that measures the current price level relative to an average price level over a given period of time. It was created by Donald Lambert and...
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Over-the-counter trading, or OTC trading, refers to a trade that is not made on a formal exchange. Instead, most OTC trades will be between two parties, and are often handled via a dealer...