Glossary of Terms

Trading Terms

Child Order

The order to be created when an algo is triggered.


Take an order working on the bid and 'cross' by buying into the asks. This is often referred to as “paying up” as well.

Have a Question?


318 W Adams St
Suite 1724
Chicago, IL 60606
Telephone: (919) 913-0850

Chapel Hill

194 Finley Golf Course Road
Suite 100
Chapel Hill, NC 27517

Follow Us

Twitter: @bts_software
LinkedIn: Blue Trading Systems
Facebook: Blue Trading Systems