black box trading

Definition

A type of stock trading system that uses a pre-programmed computer system for the purpose of identifying potential buys and sells, as well as for entering buy and sell orders. Because a computer is not subject to human error, it is able to calculate millions of transactions per minute.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
bi-weekly mortgage loan Black Friday