report: add vocabulary section to annex
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@ -457,6 +457,25 @@ expect few places to be as well-rounded as IMC.
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# Appendix
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# Appendix
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## Vocabulary
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Bid and ask
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: Respectively the price for buying and selling a stock or other financial
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instrument. The closer the spread of the two prices is, the more liquidity there
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is in the market for that product.
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Continuous Integration
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: The practice of automating the integration of code from multiple contributors
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into a single software project.
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Market-making
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: A market-maker provides liquidity to the market by continuously quoting both
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sell and trade prices on the market, hoping to make a profit on the *bid-ask
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spread*.
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## About IMC
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## About IMC
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International Marketmakers Combinations (IMC) was founded in 1989 in Amsterdam,
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International Marketmakers Combinations (IMC) was founded in 1989 in Amsterdam,
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