The rate at which a dealer is willing to sell a currency. See Ask (offer) price
A trade with which serves to cancel or offset some or all of the market risk of an open position.
|One Cancels The Other Order (OCO)
A designation for two orders whereby one part of the two orders is executed the other is automatically cancelled
An order that will be executed when a market moves to its designated price. Normally associate with Good ’til Cancelled Orders.
An active trade with corresponding unrealized P&L, which has not been offset by an equal and opposite deal.
|Over The Counter (OTC)
Used to describe any transaction that is not conducted over an exchange.
A trade that remains open until the next business day.
An instruction to execute a trade at a specified rate.
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