Offer - The price at which a seller is willing to sell. The best offer is the lowest such price available.
Offset - The closing-out or liquidation of a futures position.
Offsetting transaction - A trade with which serves to cancel or offset some or all of the market risk of an open position.
Off-shore - The operations of a financial institution which although physically located in a country, has little connection with that country's financial systems. In certain countries a bank is not permitted to do business in the domestic market but only with other foreign banks. This is known as an off shore banking unit.
Open order – An order that will be executed when a market moves to its designated price. Normally associated with Good ‘til Canceled Orders.
Open position - A deal not yet reversed or settled with a physical payment.
Overnight limit - Net long or short position in one or more currencies that a dealer can carry over into the next dealing day. Passing the book to other bank dealing rooms in the next trading time zone reduces the need for dealers to maintain these unmonitored exposures.
One Cancels the Other Order (OCO) - A designation for two orders whereby one part of the two orders is executed the other is automatically canceled.
Overnight - A deal from today until the next business day.
Over the Counter (OTC) - Used to describe any transaction that is not conducted over an exchange.
Offsetting transaction - A trade with which serves to cancel or offset some or all of the market risk of an open position.
Off-shore - The operations of a financial institution which although physically located in a country, has little connection with that country's financial systems. In certain countries a bank is not permitted to do business in the domestic market but only with other foreign banks. This is known as an off shore banking unit.
Open order – An order that will be executed when a market moves to its designated price. Normally associated with Good ‘til Canceled Orders.
Open position - A deal not yet reversed or settled with a physical payment.
Overnight limit - Net long or short position in one or more currencies that a dealer can carry over into the next dealing day. Passing the book to other bank dealing rooms in the next trading time zone reduces the need for dealers to maintain these unmonitored exposures.
One Cancels the Other Order (OCO) - A designation for two orders whereby one part of the two orders is executed the other is automatically canceled.
Overnight - A deal from today until the next business day.
Over the Counter (OTC) - Used to describe any transaction that is not conducted over an exchange.
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