Leg - 1. Describing an order entry technique used by brokers. A leg occurs when a broker executes contingent orders in separate phases, thus increasing the risk for price swings through time delays.
A term describing one side of a position with two or more sides. When a trader legs into a spread, they establish one side first, hoping for a favourable price movement so the other side can be executed at a better price. This is, of course, a higher-risk method of establishing a spread position.
Leg : 1. describing an order entry technique used by brokers. a leg occurs when a broker executes contingent orders in separate phases, thus increasing the risk for price swings through time delays.
a term describing one side of a position with two or more sides. when a trader legs into a spread, they establish one side first, hoping for a favourable price movement so the other side can be executed at a better price. this is, of course, a higher-risk method of establishing a spread position.
Leg