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What a price actually is
Beginner6 min read
Why the number on the screen is the last trade, not a fact.
The last trade
A price is the last match between a buyer and a seller on one venue. Different venues print different numbers.
Spread and depth
- The spread is the gap between the best bid and ask
- Depth is how much you can trade before the price moves
On Halyard the price you see is the one you fill at.
What a price actually is
Beginner6 min read
Why the number on the screen is the last trade, not a fact.
The last trade
A price is the last match between a buyer and a seller on one venue. Different venues print different numbers.
Spread and depth
- The spread is the gap between the best bid and ask
- Depth is how much you can trade before the price moves
On Halyard the price you see is the one you fill at.
What a price actually is
Beginner6 min read
Why the number on the screen is the last trade, not a fact.
The last trade
A price is the last match between a buyer and a seller on one venue. Different venues print different numbers.
Spread and depth
- The spread is the gap between the best bid and ask
- Depth is how much you can trade before the price moves
On Halyard the price you see is the one you fill at.
Keep learning
Know what you hold.
Short lessons on prices, keys, orders and fees. No jargon, written by the people who run the exchange.
Learn hub- Beginner6 minWhat a price actually isWhy the number on the screen is the last trade, not a fact.Read the lesson
- Beginner8 minKeys, seeds and custodyWhat it means to hold your own keys, and what it costs you.Read the lesson
- Intermediate7 minMarket, limit and stop ordersThree order types and when each one costs you money.Read the lesson
Keep learning
Know what you hold.
Short lessons on prices, keys, orders and fees. No jargon, written by the people who run the exchange.
Learn hub- Beginner6 minWhat a price actually isWhy the number on the screen is the last trade, not a fact.Read the lesson
- Beginner8 minKeys, seeds and custodyWhat it means to hold your own keys, and what it costs you.Read the lesson
- Intermediate7 minMarket, limit and stop ordersThree order types and when each one costs you money.Read the lesson
Keep learning
Know what you hold.
Short lessons on prices, keys, orders and fees. No jargon, written by the people who run the exchange.
Learn hub- Beginner6 minWhat a price actually isWhy the number on the screen is the last trade, not a fact.Read the lesson
- Beginner8 minKeys, seeds and custodyWhat it means to hold your own keys, and what it costs you.Read the lesson
- Intermediate7 minMarket, limit and stop ordersThree order types and when each one costs you money.Read the lesson