O
| Offer(ask)
The rate at which a dealer is willing to sell a currency. See Ask (offer) price |
| Offsetting Transaction
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 |
| Open Order
An order that will be executed when a market moves to its designated price. Normally associate with Good ’til Cancelled Orders. |
| Open Position
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. |
| Overnight Position
A trade that remains open until the next business day. |
| Order
An instruction to execute a trade at a specified rate. |
| 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 |
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