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 forex 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 forex market moves to its designated price. Normally associated 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.
No comments:
Post a Comment