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Forex

Foreign Exchange The simultaneous buying of one currency and selling of another in an over-the-counter market. Most major FX is quoted against the US Dollar.

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Forex

accrual of discount
Economy; Forex

The annual addition to book value contributed by bonds purchased below par.

accrual bond
Economy; Forex

A bond which does not pay periodic interest to the bondholder, but accrues interest redeemable upon the bond.

aggregate risk
Economy; Forex

A bank's exposure to forex contracts from a single customer.

agio
Economy; Forex

A fee charged to exchange money from one currency to another.

asian option
Economy; Forex

An option that pays off according to the average prices of the underlying asset over time.

cable
Economy; Forex

Cable is a slang foreign exchange term used for the GBP/USD currency pair rate (British pound vs the US dollar).

candlestick chart
Economy; Forex

A chart that displays the daily trading price range (open, high, low and close). A form of Japanese charting that has become popular in the West.

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