See simulated trading. An order that is not filled in its entirety. The practice of routing a buy or sell order for Nasdaq stocks to a specific market maker for execution, in return for which the broker receives a payment from the market maker of x-cents per share. Only limit orders can be preferenced. Refers to making a trade at a price better than the quoted bid or ask.
Print refers to a real-time report of actual trades in a specific security.
A rule passed by the SEC in 1996 requiring Nasdaq market makers to display their most competitive quotes on a public quote system, such as Level 2. Copyright 1997 - 1999 CyberInvest. All rights reserved.