Glossary beginning with L

L

Limit Order

An order that specifies the limit price at which the trade can be executed.

Amman Stock Exchange

Liquidity

This refers to how easily securities can be bought or sold in the market. A security is liquid when there are enough units outstanding for large transactions to occur without a substantial change in price. Liquidity is one of the most important characteristics of a good market. Liquidity also refers to how easily investors can convert their securities into cash.

TMX Group

Listing Rules

Rules governing the admission and ongoing requirements of all entities listed on a specific exchange.

WFE

Long

Trader who has bought or who holds a position that will benefit from rising prices. See also Short.

Australian Securities Exchange