Payment Option
A payment option is a specific method, currency, asset, network, or provider a payer can choose to complete a transaction. Payment Option…
Markets, Finance & Liquidity
Markets, trading, liquidity, decentralized finance and financial concepts.
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Terms (106)
Payment Volatility
Payment volatility is variability in payment value, volume, timing, exchange rates, fees, or completion behavior across transactions or periods. For reliable use,…
Payment Volume
Payment volume is the number or monetary value of payment transactions processed within a defined period, scope, and transaction stage. Payment Volume…
Physical Settlement
Physical Settlement is the completion of a contract or trade through delivery of the underlying asset, security, commodity, or instrument rather than…
Position Reconciliation
Position Reconciliation is the comparison of quantities, cost bases, exposures, and ownership positions across internal books, counterparties, custodians, exchanges, or blockchains. It…
Price Lock
Price Lock is a commitment or system control that holds a specified price for a defined item, asset amount, order, or period…
Price Volatility
Price volatility measures the magnitude and frequency of changes in an asset's market price over a defined period and sampling interval. For…
Quoted Spread
Quoted Spread is the difference between the displayed ask price and bid price for an asset or currency pair at a particular…
Redemption Liquidity
Redemption Liquidity is the funds, liquid assets, market access, and operational capacity available to honor redemption requests within promised terms and near…
Reserve Order
Reserve Order is an order that displays only part of its total quantity while retaining additional undisplayed quantity that can replenish the…
Reserve Policy
Reserve Policy is the documented framework governing the purpose, composition, liquidity, custody, limits, use, and oversight of financial reserves. It sets governance…
Return Payment
A return payment sends money or digital assets back to a payer after a refund, reversal, rejection, or failed transaction resolution. For…
Settlement Currency
Settlement currency is the currency in which an obligation is finally discharged and settlement entries are posted. It may differ from the…
Settlement Price
Settlement price is the price, rate, or valuation used to calculate the amount owed at settlement. It may apply to securities, derivatives,…
Settlement Slippage
Settlement slippage is the difference between an expected value or exchange rate and the value actually realized when settlement occurs. It can…
Slippage
Slippage is the difference between an expected transaction price or amount and the actual result received when execution completes. A displayed quote…
Slippage Tolerance
Slippage Tolerance is the maximum adverse difference between an expected or quoted trade outcome and the execution outcome that a trader or…
Smart Order Routing
Smart Order Routing is the automated selection and sequencing of trading venues or liquidity sources to execute an order according to price,…
Spot Price
Spot Price is the current price for buying or selling an asset for immediate or near-immediate delivery and settlement under the conventions…
Spread
Spread is the difference between two prices, rates, yields, or values that are compared for trading, pricing, funding, risk, or performance analysis.…
Stablecoin Liquidity
Stablecoin Liquidity is the ability to buy, sell, transfer, or redeem a stablecoin in meaningful size near its reference value without excessive…
Stop-Limit Order
Stop-Limit Order is an order that becomes a limit order when a specified stop price is reached or triggered. The stop controls…
Sweep Order
Sweep Order is an aggressive trading instruction designed to access available liquidity across one or more price levels or venues, often with…
Total Payment Volume (TPV)
TPV is the total monetary value of payment transactions processed through a platform during a specified reporting period. Total Payment Volume (TPV)…