Deck

AAA

DEFINITION of 'Deck'

The number of open orders that a broker is working with at any one time. A broker with a large deck must efficiently find buyers and sellers for securities or risk the orders not being filled and canceled. More experienced brokers can operate with larger open positions if they are certain in their ability to find counterparties.

INVESTOPEDIA EXPLAINS 'Deck'

Brokers with a large deck may find holding too many orders to be inefficient because, as a floor trader, the broker must fill both buy and sell orders, meaning that the broker must deal with a number of parties at any one time.

RELATED TERMS
  1. Floor Broker (FB)

    An independent member of an exchange who is authorized to execute ...
  2. Broker Association

    A permitted association between exchange members who have shared ...
  3. Specialist

    A member of an exchange who acts as the market maker to facilitate ...
  4. Equity

    1. A stock or any other security representing an ownership interest. ...
  5. Even Lot

    A normal unit of trading for securities or bonds. An even lot ...
  6. Futures Market

    An auction market in which participants buy and sell commodity/future ...
Related Articles
  1. Options On Futures: A World Of Potential ...
    Options & Futures

    Options On Futures: A World Of Potential ...

  2. Futures Fundamentals
    Insurance

    Futures Fundamentals

  3. The Basics of Options Profitability
    Options & Futures

    The Basics of Options Profitability

  4. Want to Day Trade? Try Binary Options ...
    Options & Futures

    Want to Day Trade? Try Binary Options ...

comments powered by Disqus
Hot Definitions
  1. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  2. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  3. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  4. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
Trading Center