Trade Talk: Order Passing in the Kingdom of Trading

As part of writing this blog describing TT’s new order passing functionality, I went to the Internet, curious to see how the trusty Merriam-Webster dictionary defines the word “pass.”Not surprisingly, most of the definitions are unrelated to passing an order, and you have to go all the way down to the seventh entry to find a definition that even closely aligns with the trading world:“Pass: (7) to go from the control, ownership, or possession of one person or group to that of another … “While passing an order to another user or execution desk does involve the concepts of ownership and control, for complete accuracy I have to admit (with tongue in cheek) that order passing is just slightly different from the succession process…


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