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. Pick the Right Brokerage Account for ...
    Options & Futures

    Pick the Right Brokerage Account for ...

  4. The Top Technical Indicators For Options ...
    Options & Futures

    The Top Technical Indicators For Options ...

comments powered by Disqus
Hot Definitions
  1. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  2. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  4. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  5. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  6. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
Trading Center