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report: add vocabulary section to annex

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Bruno BELANYI 2021-07-20 20:21:39 +02:00
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@ -457,6 +457,25 @@ expect few places to be as well-rounded as IMC.
# Appendix
## Vocabulary
Bid and ask
: Respectively the price for buying and selling a stock or other financial
instrument. The closer the spread of the two prices is, the more liquidity there
is in the market for that product.
Continuous Integration
: The practice of automating the integration of code from multiple contributors
into a single software project.
Market-making
: A market-maker provides liquidity to the market by continuously quoting both
sell and trade prices on the market, hoping to make a profit on the *bid-ask
spread*.
## About IMC
International Marketmakers Combinations (IMC) was founded in 1989 in Amsterdam,