nyuuzyou/wikis huggingface dataset:
Trade Reporting Facilities

Trade Reporting Facilities, commonly called TRF's, are venues for alternative execution facilities to report trades to the consolidated tape. ECNs and brokers, executing stock trades away from the exchanges in the U.S. must report their trades to a TRF.
Orignally, all broker-dealer internalized stock trades, as well as crossing networks and ECNs that matched trades from their customers, had to report their trades to the National Association of Securities Dealers (NASD), via The Nasdaq Stock Market's Automated Confirmation Transaction System, known as ACT.
However, as a condition for the U.S. Securities and Exchange Commission's approval of Nasdaq's application to register as a national stock exchange and separate from its regulator, the NASD, the SEC insisted there be a separate TRF within the NASD. This opened the doors for other exchanges to create TRFs with the NASD and attact trade printing income.
== References ==
Category:Market Data
Trade at Settlement

Trade at Settlement, or TAS, is a type of order execution for futures contracts that allows a market participant to express prices in relations to the daily settlement price of the underlying contract.
TAS allows a market participant to enter an order to buy or sell an eligible futures contract or spreads during the trading session at a price equal to the settlement price for that contract, or at a price above or below it.
The benefits of TAS are it reduces uncertainty around the settlement price, prices contracts at or near the settlement price, can eb executed at any time of the pre-open or trading day and is available on CME Globex and available for block trades. 
TAS is available at the CME Group, Intercontinental Exchange, London Metal Exchange]] and Shanghai Futures Exchange.
== Video == 
== Resources ==
===CME Group===
*TAS for Agricultural Products
*TAS for Metals Futures
*TAS for Treasury futures FAQ
*TAS Quote Vendor Codes
*TAS Cycle Guide
*TAS for Cryptocurrency futures
*TAS for Cryptocurrency Products FAQ
== Intercontinental Exchange==
*Trade At Settlement (TAS) Frequently Asked Questions
== References ==
Category:Indexes
Category:CME Group
Category:Intercontinental Exchange
Trade execution

ALSO SEE: Best execution
A trade can be executed in a variety of ways. Where and how an order is executed can affect the overall cost of the transaction, including the price paid for the stock. 
Investors who trade through a broker do not have a direct connection to the securities markets. Their order is sent over the internet to the broker, who decides which market to send it to for execution. The same process happens when someone calls his or her broker to place a trade.
A broker generally has a choice of markets to execute customers' trades:
 
*For listed stocks, the broker may direct your order to the NYSE or another exchange or to a "third market maker," a firm that stands ready to buy or sell listed stocks at publicly quoted prices. Some exchanges and third market makers practice "payment for order flow" in which they pay your broker to route your order to their exchange or venue. 
*For over-the-counter (OTC) stocks such as the Nasdaq, your broker may send the order to a "Nasdaq market maker" in that stock. Many Nasdaq market makers also pay brokers for order flow.
*The broker may route your order – particularly if it is a limit order – to an electronic communications network (ECN) that automatically matches it at a specified price. 
*The broker may internalize your order, that is, send it to another division of the brokerage firm to be filled out of the firm's own inventory. The broker's firm may make money on the difference between the purchase price and the sale price (the "spread"). 
== References ==
Trade matching engine

A trade matching engine is the core software and hardware component of an electronic exchange. It matches up bids and offers to complete trades. Matching engines use one or several algorithms to allocate trades among competing bids and offers at the same price.
The most commonly used algorithm is time price priority, meaning those bids and offers entered into the match engine first have priority over similar bids or offers that were subsequently entered into the system.
Matching engines support different order types, such as a limit order or market order. Matching engines may have unique APIs, or use standard ones such as FIX APIs.
The three largest futures match engines by contract volume are the CME Group's Globex platform, NYSE Euronext's Liffe Connect and Eurex's 10.0 system release. The Patsystems Trade Matching Engine is currently used by the Tokyo Grain Exchange, Chubu Commodity Exchange, Kansai Commodities Exchange, Kanmon Commodity Exchange, the Agricultural Futures Exchange of Thailand (AFET), and National Commodity Exchange Limited (NCEL) in Pakistan.
==Vendors==
*Connamara Systems. Connamara's flagship offering is its EP3 matching engine technology platform, which is low-latency, high throughput, and highly available, natively supporting a price/time priority matching algorithm and custom matching algorithms.
*Cinnober
*Aquis Technologies
*SIA S.p.A.
*Nasdaq. Nasdaq's matching engine products include: Nasdaq Matching Engine; Nasdaq Multi-Matching Engine; Nasdaq Hybrid Matching Engine; Nasdaq Fixed Income Matching Engine; Nasdaq Algo Engine
*Match-Trade
*MillenniumIT
*GATElab Ltd
*Eurex 
*LIST
*Stellar Trading Systems
*Quodd
*Baymarkets
*Reuters
*Market Grid
*ARQA Technologies
*Kappsoft
*Thesys Technologies, LLC
== References ==
Category:Trading Technology
Tradebot Systems

Tradebot Systems is a registered broker-dealer based in Kansas City, with a high-frequency-trading approach. It is a member of most of the major stock exchanges. It was founded in 1999.
Affiliated companies include Tradebot Ventures, Tradebot Properties, Tatora, and Auxby.
== History ==
In 2005, Tradebot spun-off BATS Global Markets, which became the 3rd largest stock market in the United States.
In the spring of 2014, the SEC asked for trading records and about five years' worth of emails from Tradebot Systems as part of an investigation into high frequency trading.
== Products and Services ==
== Key People ==
*Dave Cummings, Chairman & CEO
*Jennifer Tomlinson, CPA Treasurer & Director of Human Resources
*Eric Buer, Vice President & CFO
== References ==
Trader

A trader is a person who (buys or sells) securities or derivatives on any market with a view to profiting from that trade via the trader's (usually) short-term strategy plan. Investors, by contrast, generally aim for long-term profits by buying and holding stock in companies they are familiar with.
Most traders execute their trades either directly from an exchange via a floor broker or market maker, or in the secondary market, also called the over-the-counter (OTC) market, from other trading or investing firms. A Floor Trader is an exchange member who buys and sells directly from the exchange on their own account.
Traders, unlike investors, are usually not concerned with the underlying asset they are trading - it is simply "in the right place at the right time". They trade to a plan, restrict their potential losses and usually profit by following clear trends in investment markets.
== References ==
Category:Trading
TraderPlanet

TraderPlanet is a free, market-focused social networking site. They offer market-data, technical tools, commentary and educational resources to their online community of traders. Founded in 2005 as TraderEducation.com, a free educational site for traders, they officially launched their social networking platform at TraderPlanet.com in 2009.
== History ==
TraderPlanet announced the acquisition SFO Magazine (and related educational website TraderPress.com) with the goal of incorporating their archive of content into TraderPlanet's educational platform.
Trader Planet launched the Beta version of its social media platform on July 31, 2008, with an official launch on Jan. 5, 2009.
== Key People ==
*Lane Mendelsohn, Founder and Publisher
*Kira McCaffrey Brecht, Managing Editor
*Darrell Jobman, Senior Analyst
*Darla Tuttle, Operations Manager
== References ==
Category:Industry Social Networking Sites
Tradier

__NOTOC__ 
Tradier, Inc., is a cloud-based financial services provider and brokerage API company. The company's platform services providers, advisors, developers and individual investors.
Tradier Brokerage, Inc., a member of FINRA and SIPC, is an independent subsidiary of Tradier, Inc. 
== History ==
The company began as a financial services cloud provider. In April 2013, Tradier announced it had entered into a strategic relationship with ETNA Software to provide key components and platform development services for its core platform. Several months later, in June 2013, Tradier announced it had chosen NASDAQ OMX FinQloud, a cloud computing platform designed for the financial services sector and powered by Amazon Web Services (AWS), to build its "cloud brokerage platform." The company continued to build up its technology over the next several months, and in October 2013 Tradier Brokerage Inc. announced its online platform was available. 
== Key People ==
*Dan Raju, co-founder, chairman and CEO
*Peter Laptewicz, co-founder, president of Tradier Brokerage, board member
*Jason Barry, co-founder, CTO
*Jeyashree Chidambaram, VP of brokerage technology
*Paul Lee, SVP of operations of Tradier Brokerage 
*Kevin "Lex" Luthringshausen, SVP of business development
*Andre Norman, SVP of growth
== References ==
Trading.com

Trading.com is a retail foreign exchange dealer and online trading platform that offers forex trading services to clients worldwide, with a particular focus on the United States market.
== History ==
Trading.com officially launched its operations in the United States on February 24, 2022, marking a significant milestone for the company. The company is a subsidiary of Trading.com Holdings US Inc., which is registered in Delaware. Trading.com is affiliated with the Trading Point Group, a conglomerate with financial services companies operating in multiple jurisdictions around the world, including the UK, EU, Dubai, and Australia.
== Products and Services ==
Trading.com specializes in providing forex trading services to retail customers. The company offers over 70 currency pairs with deep liquidity and competitive spreads. Their primary offerings include:
=== Trading Platforms ===
The company provides multiple trading platforms to suit different trader preferences:
# WebTrader: A browser-based platform that allows traders to access markets without downloading software.
# MetaTrader: A popular third-party platform known for its advanced charting and analysis tools.
# Mobile apps: Trading applications available for both Android and iOS devices, enabling traders to manage their accounts on the go.
=== Educational Resources ===
Trading.com offers various educational materials and tools to help traders improve their skills and make informed decisions. These resources include webinars, tutorials, and market analysis.
=== Analytical Tools ===
The platform provides traders with a range of analytical tools, including:
# Push notifications for market shifts and trading opportunities
# Trend exploration instruments
# Comparative analysis features that allow traders to benchmark their performance against the broader user community
== Key People ==
* Soren Haagensen, CEO
* Marios Papapostolou: CFO
* Sean Gray, chief compliance officer.
* Theofanis Nakos, chief technology officer.
== Regulation ==
Trading.com Markets Inc. is registered as a retail foreign exchange dealer with the Commodity Futures Trading Commission (CFTC) and is a forex dealer member of the National Futures Association (NFA ID: 0516820).
== References ==
Category:Retail Foreign Exchange Dealers
Category:Forex
Category:Online Trading Platforms
Category:Financial Services
Trading Emissions PLC

Trading Emissions PLC was an investment fund that was established to acquire tradable environmental instruments.
In March of 2009, the developer of credits from projects that curb greenhouse gases told the media that a United Nations executive board may have been rationing supply of credits to help stem a plunge in European Union carbon prices.
Trading Emissions PLC said in a statement in March of 2009 that it had projects rejected by the UN in February of 2009 that would have generated about 5.4 million emission credits through 2012.
 
== History ==
The directors of Trading Emissions PLC, appointed in 2006, were Robin Bigland, Philip P. Scales, Neil Eckert, Nigel H. Wood and Malcolm John Gillies.
Gillies, Wood, Eckert and Bigland resigned in 2011 as directors. 
Francis J. Hackett was appointed a director in December 2011 and resigned in June 2012. 
In July of 2016, the company submitted written resolutions relative to the Insolvency Act of 1986 to voluntarily wind down the company with Scales listed as the remaining sole diredtor.
== References ==
Category:Environmental Markets
Category:Credits
Category:Environmental Market Funds
Trading Sciences

Trading Sciences LLC is a technology firm that provides risk management, volatility measurement and technical trading software. 
== Products and Services ==
*Expectation Modeling - provides a look at a time series and determines whether a pattern of equity returns, prices or volatility remains intact. Expectation Modeling, in other words, estimates whether the energy in trend or pattern is increasing or decreasing relative to a statistical confidence limit.
*TS Derivatives - offers fat-tail analysis of a position. The technology allows users to determine the probability of an option strike expiring in-the-money or define the odds of touching a strike price at any time between entering a position and expiry.
== Key People ==
*Co-Founder, Jaimi Goodfriend
*Co-Founder and Chief Technologist, Ron Brown 
== References ==
Category:Independent Software Vendors
Trading Talk

Trading Talk is a monthly report published by Rosenblatt Securities LLC focusing on market structure and dark-pool volume and trends. It was first published in 2008.
Trading talk is edited by Rosenblatt Managing Director Justin Schack and President and COO Joe Gawronski.
Gawronski and Schack also edit Let There Be Light.
== References ==
Category:Broker Reports
Category:Rosenblatt Securities LLC
Trading system

A trading system is a regular, repeatable method for engaging in the buying and selling of securities, futures, options or other investment vehicles.
A trading system may employ any regular method for making decisions, and it is not limited to mechanical or numeric parameters. A trading system could be time or environment based, for example buying or selling a position one hour after a market's open, or buying an energy related futures contract on the first hot summer day of the summer. Trading systems may also take into account fundamental factors directly related to the target market, such as the price of feed for cattle futures, or the result of a company's meeting with analysts when considering a stock purchase.
Many trading systems are mechanical in nature, employing technical analysis of a market's price motion to determine when to enter and exit positions. Mechanical trading systems can be computerized to aid in discovering trade opportunities, as well as to automate the process of initiating and exiting positions in the market.
Trading systems can also be hybrid mechanical and subjective methods, employing market analysis and research to determine what to buy and sell, and then using technical indicators and mechanical constructions to validate and time the actual trading transactions.
Trading systems also encompass the management of capital and decisions beyond the entry and exit of individual trades. A complete trading system may also include regular methods and rules for controlling the overall risk to a portfolio, the amount of risk allowed trade by trade, and parameters to govern times of day, week and year for trading.
Category:Trading
Category:Trading Systems
Tradition Financial Services

__NOTOC__
TFS is a subsidiary of Compagnie Financière Tradition (CFT), a financial and commodity-related broker. With offices worldwide,TFS covers currency options, equity derivatives, freight, precious metals, energy, property derivatives and pulp & paper markets. 
TFS Energy brokers OTC energy and energy-related physical and derivative products --including electricity, natural gas, crude oil and refined products, coal, environmental products and weather derivatives-- and exchange-traded futures and options. In 2008, TFS launched weather auctions for their clients. 
==Weather Auctions==
Stamford-based TFS, is the largest broker of weather derivatives in the world. This year, TFS completed an auction on behalf of UBS looking to hedge its risk. The deal totaled in excess of $60 million and ended up being oversubscribed because of the high amount of interest in the transaction. TFS also recently brokered the first-ever weather derivatives auction for a company in Rome totaling $40 million. Other auctions included an auction for the agricultural industry and the first auction for Asia. These weather auctions traded over $160 million in notional value.
== References ==
Category:Weather
Tradovate

Tradovate is a technology-centered futures brokerage, offering commission-free trading and a cloud-based platform to active futures traders. The firm was founded in 2014 by Rick Tomsic. Tradovate announced its launch in April 2016. Rather than follow the industry-standard commission structure, Tradovate offers three different flat-rate membership plans that include unlimited transactions per month. 
Tradovate, LLC was registered by the NFA as an introducing broker in September 2015. 
On January 12, 2022, Tradovate announced that it had been acquired by NinjaTrader Group, LLC, a provider of trading software and brokerage services, for $115 million. As part of the deal, Tradovate CEO Rick Tomsic will join NinjaTrader’s executive team as chief strategy officer and will serve on NinjaTrader’s board of directors.
== Key People ==
*Rick Tomsic, founder and CEO
*Ryan Hansen, president, Tradovate LLC
*Brian Weis, president, Tradovate Technologies, LLC
*William Lankford, chief compliance officer
==MarketsWiki Education Video, August 2015==
Rick Tomsic, Tradovate - Building with Vision
"You don't need 20 years in an industry to have vision. Some of the best ideas come from a unique vantage point. Your vantage point... it's not jaded. You don't know how futures technology may be used. You may look at it from a fresh alternative."
The first step down an unknown path takes guts. But if you’ve calculated your risks, you have a chance for outsized rewards. For Rick Tomsic, CEO of Tradovate, that step meant leaving an established position in a managerial program for an eat what you can kill broker gig. A step further down the road and Tomsic occupied a 12 foot by 12 foot office in a house sporting a gigantic satellite on its roof, sweating buckets due to the large monitors while working his 10 phone lines. But it was what he needed to do to fulfill his eventual goal of building trading technology. In this video, Tomsic imparts the need to maintain your drive by both having fun and maintaining your vision.
== Registration Information ==
*
*
*
*
== References ==
Tradu

Tradu is a multi-asset trading platform for active traders and investors. Launched by Stratos Group International, LLC, a subsidiary of Jefferies Financial Group Inc., Tradu offers a comprehensive trading experience with a wide range of assets. Its offerings include listed equities, commodities, cryptocurrencies, CFDs, forex, treasuries, and indices.
== Features ==
Versatility in Trading: Users can engage in trading across various asset classes, including equities, commodities, cryptocurrencies, and more. The platform allows for both leveraged and unleveraged trading options, catering to different trading strategies and risk appetites.
Innovative eWallet: Tradu enhances user convenience with its eWallet feature, providing both virtual and physical debit cards. This allows for easy transfers between trading accounts and the eWallet, streamlining the financial management process for users.
Global Launch and Accessibility: Tradu will initially be launched in the UK, then rolled out globally in the following months of 2024. The platform is accessible via both a mobile app and web platforms, ensuring easy access for users worldwide.
== References ==
Category:Trading Platforms
Tranche

"Tranche" is a French word meaning "slice" or "portion." In investing, it describes a security that can be split up into smaller pieces and then sold to investors.
Mortgage-backed securities such as a collateralized mortgage obligation are often in the form of a tranche. The securities can be partitioned based on their maturities and sold to investors depending on their preferences. 
For example, an investment bank could split a security or asset into parts so that one investor can receive the early cash flows of a mortgage and another can receive the later cash flows.
== References ==
Category:Investment Terms
Category:Securities
TransMarket Group

TransMarket Group LLC is a privately held global proprietary trading company. It is committed to developing and using technology to execute trading strategies in listed derivatives, equities, commodities and selected cash markets. It has offices in several of the world’s financial centers in addition to its headquarters in Chicago. 
TransMarket Group employs around 350 people globally, including professional traders, information technology experts, software developers, quantitative trade development staff, finance and operations, and administrative staff.
== History ==
The company was founded in 1980 as Aardvark Financial, Inc. and changed it's name to TransMarket Group in 1984. 
== Products and Services ==
== Key People ==
*Doug Adams, CEO
*Ray Cahnman, Chairman and Founder
*Larry Klein, CFO
*Eric Meier, COO
*Stan Bryl, CIO
== Resources ==
*LinkedIn Profile
== References ==