Orry

Regulation NMS (National Market System) is a set of rules established by the U.S. Securities and Exchange Commission (SEC) in 2005 to modernize and strengthen the regulatory structure of American equity markets. The regulation ensures that investors receive the best possible price for their trades by preventing trade-throughs and establishing a unified framework for market … Read more

Last year, I watched a scalper on our team lose $340 in a single morning. Not because his strategy was wrong. His entry signals were perfect. The market moved exactly as he predicted. But by the time his order reached the broker, the price had shifted 2 pips against him on every trade. That delay, … Read more

A feed handler is a specialized software component that receives, processes, and normalizes raw market data from exchanges and other data providers into standardized formats for consumption by trading systems. Feed handlers act as the critical bridge between exchanges that produce market data and the trading applications that consume it, ensuring traders receive accurate, timely … Read more

Key Takeaways An alternative trading system (ATS) is an SEC-regulated electronic venue that matches buy and sell orders outside traditional public exchanges. ATSs differ from exchanges because they lack self-regulatory organization (SRO) status and do not set listing standards or display orders publicly. Institutional investors primarily use ATSs to execute large block trades with minimal … Read more