No Summary provided as the original text is short
- Exchange price premium/discount: A price difference for the same asset across exchanges due to liquidity, fees, or order flow; can create arbitrage opportunities.
- Arbitrage: A strategy of buying an asset on a lower-priced venue and simultaneously selling it on a higher-priced venue to capture the spread.
- Order book: A real-time list of buy and sell orders at various prices on an exchange that shapes near-term price movements.