Loading...
FinchTrade

Product OTC liquidity Cross-border payments Solutions Payment service provider OTC desk EMI / Bank API docs Referrals About Blog

Log in

Glossary

m

Machine learning for anomaly detection

Machine learning for anomaly detection involves using algorithms and models to identify patterns in data that deviate from the norm.

Mainchain

Mainchain refers to the primary blockchain in a network, where the main ledger of transactions is maintained and validated.

Mainnet

Mainnet is the primary network where actual transactions occur on a blockchain, as opposed to testnet or other experimental networks.

Margin call

Margin call: when a margin account falls below the broker's requirement, triggering a demand to deposit funds or securities or face asset liquidation.

Margin trading

Margin trading is borrowing funds to trade crypto with larger positions, increasing buying power and risk, covering leverage, margin calls, and liquidation.

Market bridging

Market bridging refers to the strategic process of connecting different markets or segments to facilitate the flow of goods, services, or information.

Market Data Feeds

Market data feeds are real-time and historical streams across asset classes, enabling low-latency market data delivery for trading, analysis, and risk.

Market depth

Market depth is the liquidity at multiple price levels in the limit order book, showing how large orders affect execution and price impact.

Market depth indicator

Market depth indicator: an order book view showing buy and sell orders at each price level to assess liquidity, support/resistance, and short-term moves.

Market Evolution: Meaning, Stages, and Examples

Market evolution is how markets change over time through shifts in technology, consumer demand, and regulation. See key stages and examples in business.

Market health

Market health is the overall condition of a market, shaped by demand, supply, competition and costs, influencing stability, affordability and value.

Market IOC order

IOC order (Immediate-or-Cancel) mandates instant execution at the current price; it may fill partially and cancel any remaining shares.

Market maker

A market maker in crypto quotes buy and sell prices to provide liquidity, narrow spreads, and help stabilize trading across cryptocurrency exchanges.

Market Microstructure

Market microstructure is the study of how trading rules, information, and participant behavior shape price discovery, liquidity, and execution costs.

Market microstructure analysis

Market microstructure analysis studies how trading rules, order flow, and participants shape price discovery, liquidity, and market efficiency.

Market neutrality

Market neutrality is an investment strategy that balances long and short positions to offset market risk, targeting returns from price discrepancies.

Market neutral strategies

Market neutral strategies: investment approaches that balance long and short positions to minimize market risk and seek returns from price inefficiencies.

Market risk

Market risk is the chance of loss from broad market moves across equities, interest rates, currencies, and commodities, plus how to measure and manage it.

Marlowe

Marlowe is a domain-specific language for secure financial smart contracts, with formal verification, data integration, and a sandbox for testing.

Mass Payout

Mass payout definition: bulk disbursement to many recipients, plus process, key components, benefits, and choosing a mass payout solution.

Mass Payouts: What They Are and How They Work

Mass payouts are bulk payments sent to many recipients at once. What mass payouts are, how the process works, and domestic vs cross-border payout methods.

Masternodes

Masternodes are collateral-backed servers in a blockchain that enable instant and private transactions, support governance, and earn block rewards.

Matching Engine

A matching engine matches buy and sell orders via price-time priority, maintaining the order book for fair, low-latency execution across markets.

Matching Engine Architecture: Components and How It Works

Matching engine architecture is the system that pairs buy and sell orders on exchanges, covering order books, matching logic, and design trade-offs.

Medium of Exchange: Definition and Examples

A medium of exchange is an intermediary used to facilitate trade between parties. Its primary purpose is to eliminate the inefficiencies of the barter system.

Memorandum Of Understanding (MOU)

A memorandum of understanding (MOU) is a formal, usually nonbinding agreement outlining parties' roles and intent, and when its terms can become binding.

Mempool

The mempool, short for memory pool, is a component of blockchain networks where unconfirmed transactions are stored before being added to a block.

Merchant Account

Merchant account: a business bank account that lets companies accept card payments via processors and gateways, with common fees and provider types.

Merchant Account Provider

A merchant account provider is a company that sets up merchant accounts, enabling businesses to accept credit and debit cards via secure processing.

Merchant Category Code (MCC)

Merchant Category Code (MCC) is a four-digit code that classifies businesses for card networks, shaping interchange fees, rewards, taxes and fraud checks.

Merkle Tree

Merkle Tree: a hash-based data structure that enables efficient, secure verification of large datasets and blockchain transactions via a Merkle root.

Message Queueing Systems

Message queueing systems are middleware enabling asynchronous messaging for producers and consumers, decoupling services for scalability and reliability.

Metcalfe’s Law

Metcalfe’s Law: the value of a network is proportional to the square of its users, driving network effects across social, telecom, and crypto.

Mica regulation

MiCA regulation is the EU framework for crypto assets, regulating issuers and service providers on disclosure, authorisation and consumer protection.

Micro Cap

Micro cap stocks: companies with market caps of $50–$300M. Understand trading venues, liquidity, risks, and due diligence before investing.

Micropayment

Micropayment: a very small online transaction, often cents to a few dollars, used for digital content and donations, enabled by low-fee, secure systems.

Microservices Architecture

Microservices architecture is a style that structures apps as loosely coupled, independently deployable services with APIs for scalable, flexible delivery.

Microtransaction

A microtransaction is a small financial transaction conducted online, often used in video games and apps to purchase virtual goods or unlock additional features.

Mid Cap

Mid cap crypto refers to coins with a $1-10B market cap that balance growth and risk, with examples such as Chainlink, Polygon, and Stellar.

Middleware queue management

Middleware queue management is the control of message queues in distributed systems, using queue managers and brokers for reliable, asynchronous delivery.

Middleware solutions

Middleware solutions are the software layer that connects applications, managing APIs, messaging, data, and security across cloud and legacy systems.

Mimetic Theory

Mimetic Theory is René Girard’s idea that human desire is imitative, fueling rivalry and violence that societies resolve through the scapegoat mechanism.

Mineable

A mineable cryptocurrency is produced via mining—using hardware to validate transactions, secure the network, and earn block rewards.

Miner Extractable Value (MEV)

Miner Extractable Value (MEV) is profit miners or validators extract by reordering, including/excluding transactions; mechanics, risks, and mitigation.

Miners

Crypto miners use specialized hardware to validate transactions and add blocks on Proof-of-Work networks like Bitcoin, earning rewards.

Minimum viable product (MVP)

A minimum viable product (MVP) is the smallest set of core features used to test a product idea with real users, validate demand, and iterate quickly.

Mining Farm

Mining farm: a large-scale facility of ASIC/GPU rigs that mine bitcoin and other cryptocurrencies by validating blocks; profitability depends on energy.

Mining Rig

Mining rig: a specialized computer using GPUs or ASICs to solve hashes, validate transactions, and mine cryptocurrencies; components, setup, and ROI basics.

Minting

Minting is creating new coins or tokens; on blockchains it converts digital files into NFTs via smart contracts, with gas fees and on-chain ownership.

Mobile wallet

Mobile wallet: a secure app on your phone that stores payment cards and passes, enables contactless payments with NFC, and integrates loyalty and tickets.

Monetary Authority of Singapore (MAS)

The Monetary Authority of Singapore (MAS) is Singapore's central bank and financial regulator, overseeing monetary policy, currency, and institutions.

Money transmitter

Money transmitter: an MSB that transfers funds or payment instruments, requiring state licensing, FinCEN registration, and AML compliance.

Multi-Asset Support

Multi-asset support is an investing approach that diversifies across equities, fixed income, and real assets to manage risk and pursue balanced returns.

Multi-Dealer Platform (MDP): Meaning and Use Cases

What is a multi-dealer platform (MDP)? Learn how MDPs work in FX trading, why institutions use them, and see leading examples of multi-dealer venues.

Multi-level marketing (MLM)

Multi-level marketing (MLM) is a direct sales model where pay comes from product sales and downlines, not recruitment, with FTC guidance on MLM opportunity.

Multi Threaded Processing

Multi-threaded processing is a computing technique where multiple threads are used to execute tasks concurrently within a single process.

Power your growth with seamless crypto liquidity

A single gateway to liquidity with competitive prices, fast settlements, and lightning-fast issue resolution

Get started