An OTC or FX habit of confirming a quote after the client hits it. Controversial in crypto RFQ.

Controlling a larger position than the cash posted as margin. Gains and losses both scale.

An instruction to buy or sell only at a chosen price or better. It may rest unfilled.

A derivative whose profit or loss changes proportionally with the underlying price change for a fixed position size, before fees and funding.

How easily size can be traded without moving the price much. Deep books and pools mean better liquidity.

A position that profits if price rises.