ER

ExecutionReport FIX message

ESP

Executable Streaming Prices

FTC

FIX Trading Community

FOK

Fill Or Kill order which must either be fully filled or rejected.

IOC

Immediate Or Cancel order which may be partially filled, fully filled or rejected.

IMM

International Monetary Market

LC

Liquidity Consumer - the EBS Direct Taker/Client

LP

Liquidity Provider - the EBS Direct Market Maker

NOS

NewOrderSingle FIX message

TIF

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TIF TIF

TimeInForce

UDF

A User Defined Field which has been officially registered with the FTC.

FIX Connection

Physical (e.g. network) connection through which FIX messages can be sent and received and is established before the FIX Session is established.

FIX Session

A bi-directional stream of FIX messages, each associated with a sequence of increasing FIX Sequence Numbers.

In support of message recovery, a single FIX session may span multiple consecutive FIX Connections.

A session begins with a Logon message and ends with a Logout message.

Floor Code

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Floor Code Floor Code

A unique 4 digit identifier assigned by EBS to identify a client and the required settlement instructions. For example if you have multiple Prime Brokers (PBs) then you would have a specific Floor Code you would use for trading with each respective PB.

Pricing Segment

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Pricing Segment Pricing Segment

Used to provide differentiated pricing to different groups of clients. May also be known as a pricing tier.

Sweepable

Taker orders may be executed against any number of sweepable bid/offers to reach the desired cumulative size. Bids/offers will be hit in order of descending attractiveness from TOB. This may include the Taker hitting other Makers as part of the same sweep.

Single Ticket

The Taker order will be filled by a single Maker bid/offer which best meets the size and price constraints of the order.