DROP (delivery of real-time execution information protocol)

DROP facilitates the ease and effectiveness with which NASDAQ customers conduct business in the options market. Protocols that incorporate DROP help subscribers to monitor, place, execute or cancel orders. OUCH and similar protocols allow subscribers to integrate NASDAQ into proprietary networks. In this context, the term real-time refers to the ability of a computer or system to keep track of some external process such as weather parameters, election returns or stock market activity on a moment-to-moment basis.

Learn more about Financial transaction protocols and security

Do you have something to add to this definition? Let us know. Send your comments to techterms@whatis.com

FILE EXTENSION AND FILE FORMAT LIST File Extension and File Format List: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #

RELATED CONTENT FDIC: Educate business customers about the need for security Criminals are targeting banks' business customers and stealing their online credentials to make fraudulent wire and ACH transfers, agency says. Financial institutions reported more suspected fraud in 2008 FinCEN says number of Suspicious Activity Report filings related to fraud increased last year. However, experts say banks are cutting back on AML... Controls monitoring helps with governance, risk and compliance Gartner says continuous controls monitoring for transactions is a GRC technology that promises to reduce compliance costs and improve financial...

RELATED GLOSSARY TERMS Terms from Whatis.com − the technology online dictionary CTCI (Computer-to-computer interface)  (SearchFinancialSecurity.com) Computer-to-computer interface (CTCI) is a digital communications protocol that allows customers of the NASDAQ (National Association of Securities... FIX protocol  (SearchFinancialSecurity.com) The Financial Information Exchange (FIX) protocol is an open specification intended to streamline electronic communications in the financial...