Hard Stop What is 'Hard Stop' A price level that, if reached, will trigger an order to sell an underlying security. Hard stops are set at a constant price and are inherently good until can

Halted Issue What is 'Halted Issue' A planned security offering that does not go forward as planned. A halted issue can relate to an initial public offering (IPO) that will no longer occur

Impound What is 'Impound' An account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, private mortgage insurance and other required payments fr

Immediate Or Cancel Order (IOC) What is an 'Immediate Or Cancel Order - IOC' An immediate or cancel order (IOC) is an order to buy or sell a security that must be executed immediately, and

Inactive Bond Crowd What is 'Inactive Bond Crowd' A group of exchange members who buys and sells bonds, that are infrequently traded. Limit orders placed by the inactive bond crowd, may ta

DefinitionIn financial markets, implementation shortfall is the difference between the decision price and the final execution price for a trade. This is also known as the "slippage". Agency

Imbalance of Orders What is 'Imbalance of Orders' A situation when too many orders of a particular type - either buy, sell or limit - for listed securities and not enough of the other, mat

Iceberg Order What is an 'Iceberg Order' An iceberg order is a large single order that has been divided into smaller lots, usually through the use of an automated program, for the purpose

Nasdaq Intermarket What is 'Nasdaq Intermarket' An electronic marketplace where National Association of Securities Dealer (NASD) members could execute trades, communicate, and receive quot

National Securities Clearing Corporation (NSCC) What is 'National Securities Clearing Corporation - NSCC' A subsidiary of the Depository Trust & Clearing Corporation (DTCC) that provid