Master the vocabulary of global markets, brokerage infrastructure, and algorithmic proprietary trading.
Assessment of consumer sentiment toward the economy based on telephone interviews.
Agree to specified terms, as in a contract.
Financial relationship between two parties involving a transfer of funds.
The amount of money in an account.
Document designed to summarize and record all transaction activity in a given period.
When one company decides to take over another one.
An account which generates more activity and transactions then normal.
Money and coins that are circulated in the hands of consumers and businesses.
An individual who participates in a sponsored retirement plan.
The volume of a stock or exchange over a given period of time.
Exchange rate regimen where a currency's exchange rate is fixed to a stronger currency.
Any interest rate that changes on a periodic basis.
The cash-price equivalent reflected in the price of a futures contract.
A person or organization employed to manage assets or provide investment advice.
A firm or individual that places transactions for securities in the place of clients.
Total amount of goods and services demanded in the economy at a given price level.
The total exposure a bank or broker has with a client.
Total supply of goods and services produced within an economy.
A fee charged to exchange money from one currency to another.
A notification of a market event such as a stock reaching a target price.
Method of executing large orders using automated pre-programmed instructions.
Anti-Money Laundering & Combating the Financing of Terrorism.
Examination and evaluation of information to select the best course of action.
When a currency strengthens in price in response to market demand.
Profit made from a price discrepancy between different markets.
Australian Securities and Investments Commission.
The lowest price at which a seller is willing to sell an asset.
An economic resource owned or controlled to return a profit.
Investment practice that divides funds among different markets for diversification.
Categories of financial instruments grouping similar assets.
The abbreviation for the Australian dollar and U.S. dollar currency pair.
A dealer authorized by a regulatory body to deal in Foreign Exchange.
A recognized body authorized to create or redeem exchange traded funds (ETFs).
A trader who uses an automated system to input trades without human input.
The administrative and settlement functions that support securities trading.
The amount of money in an account.
A country's exports minus its imports.
System of recording a country's economic transactions.
The range in which pegged currency rates are permitted to fluctuate.
The temporary closing of a bank when obligations exceed resources.
Paper issued by a Central Bank considered legal tender and cash equivalent.
The central bank for the United Kingdom.
The rate at which a central bank lends money to domestic banks.
Days of the week when commercial banks are open for business.
A charting method displaying high, low, opening, and closing prices.
The first currency listed in a currency pair.
The interest rate a central bank charges to lend money to commercial banks.
A unit equal to one hundredth of one percent (0.01%).
An arbitrage strategy buying a security and selling a similar contract.
Operations where the USD is being sold against various currencies.
An investor who believes that market prices are about to fall.
A prolonged period in which investment prices fall amid pessimism.
An entity eligible to receive benefits under a contract or trust.
The highest price a buyer is willing to pay for an instrument.
The difference between the bid and ask price.
The standard large digits or second figure after the decimal in a price.
An order submitted for the purchase or sale of a large quantity.
Technical price indicator using an SMA and standard deviation bands.
Financial investments involving lending money to an institution.
The total number of currency positions a dealer has at any moment.
The price where instrument cost equals the proceeds acquired.
Price action rising above resistance or dropping below support.
One of three major oil benchmarks used globally.
An intermediary that places trades on behalf of a client.
Firms that provide traders with platform access to buy/sell instruments.
Speculator who believes that market prices are going to rise.
A prolonged period in which investment prices rise consistently.
Gold, silver, platinum, or palladium in bars or ingots.
To obtain ownership of a security or asset in exchange for value.
An order placed below the market price to buy at a specific trigger price.
Buying an instrument where the client pays cash for part of the value.
An order placed above market price to buy when it exceeds a trigger.
Slang for the British pound sterling against the US dollar (GBP/USD).
An options or futures strategy with positions in different expirations.
A charting tool visualizing open, high, low, and close prices.
Foreign exchange rate quoted by a bank for small daily transactions.
The interest cost or credit of keeping a position open overnight.
High interest rate currencies.
A grid of positions built on a carry trading strategy.
A carry trade where you are long the high interest currency.
Borrowing in a low interest rate currency to invest in a high rate one.
Currency, coins, bank balances, and negotiable orders on hand.
A requirement that a futures contract value be paid out rather than delivered.
Funds deposited in a trading account.
Chicago Board of Trade.
An institution managing monetary policy and banking for a nation.
A negotiable certificate issued by a bank as evidence of a deposit.
Contract for Difference; a derivative financial instrument.
A visual collection of historical price action in graph form.
A person who uses price charts to perform technical analysis.
A transaction leaving the trade with zero net exposure to the market.
The rate at which a position can be closed at the end of the day.
The last level at which an asset was traded on any given day.
Chicago Mercantile Exchange.
Commodity Exchange.
A fee charged by a broker for facilitating a transaction.
A basic interchangeable physical good or raw material.
Currencies heavily tied to global commodity cycles.
An agreement to buy or sell a specified amount of currency.
The last trading date of a futures or options contract.
The specific month in which a futures contract expires.
The agreed exchange rate at which currencies are exchanged at settlement.
Traders' slang term for the Danish Krone.
A statistical measure of relationship between two independent things.
The cost associated with maintaining an investment position.
The participant taking the other side of an exchange transaction.
Risk related to the economic and political stability of a country.
To close out an open short position or take out a forward contract.
Consumer Price Index; an indicator measuring inflation.
Contractual agreement to receive value now and pay at a later date.
Exchange rates between two currencies that do not include the US Dollar.
Selling an asset in order to realize capital gains or losses.
Money issued by a government used as a unit of exchange.
Standardized three-character codes specified by ISO 4217.
Exchange-traded contracts detailing future price/date for currency exchange.
Two currencies quoted together in a forex transaction.
Government policy fixing the exchange rate to another currency or gold.
Risk that shifts in exchange rates will undermine asset values.
The net trade balance of payments including imports and exports.
Specialized financial institution responsible for safeguarding assets.
Cyprus Securities and Exchange Commission.
The highest price achieved by an instrument during a trading day.
The lowest price achieved by an instrument during a trading day.
An order that automatically expires at the end of the trading session.
A strategy involving opening and closing positions within the same day.
A list of all transactions completed within a trading day.
The primary record tracking basic information of a transaction.
An individual or firm acting as principal trading on their own account.
A desk or location where operations for buying/selling occur.
Computer communication networks linking global banks for trading.
A trading network operating without a central authority or clearinghouse.
The term for breaching a legal financial contract.
An economic state where balance of trades or payments are negative.
A decline in general price levels within an economy.
The date of maturity of a contract when currency exchange is executed.
Risk that a counterparty is unable to fulfill their side at maturity.
A practice account using virtual funds to simulate live trading.
A market-driven decline in the value of a currency.
A measure of liquidity showing pending buy/sell orders in the book.
A contract whose characteristics depend upon an underlier asset.
An official downward change in a currency's fixed exchange rate parity.
A small, short-term decline in price.
Quoting variable units of domestic currency per unit of foreign currency.
An exchange rate regime where market forces rule but central banks intervene.
When a foreign currency is cheaper for future delivery than spot.
Situation where the bid price of a forward spread is less than ask.
An account where the institution makes trading decisions for the client.
When an indicator and price move in opposite directions.
A portfolio of carry trades distributed across various currencies.
Regular payments made by a corporation to its shareholders.
Direct Market Access to trading order books.
The term 'dollar' always explicitly denotes the U.S. dollar.
The amount of foreign currency quoted against one US Dollar.
Interest rates applying to deposits/borrowing within a foreign country.
Digital Operational Resilience Act for EU financial firms.
A chart pattern showing price making two equal bottoms.
A chart pattern showing two successive rises to the same price level.
A prolonged and consistent decline in the price of an asset.
The peak-to-trough percentage decline in account equity.
Purchasing and selling products and services over the internet.
Term indicating that a currency is weakening from its previous quote.
A small price decline or monetary policy to spur spending.
Earnings before interest, taxes, depreciation and amortization.
European Central Bank.
Electronic Communication Network matching automated orders directly.
A statistic used to gauge current macroeconomic conditions.
Currency strength explanation based entirely on trade balance.
Market interpretation system using a series of specific wave cycles.
Macroeconomic labor market data tracking employment figures.
A corporate account corporate trading decisions.
The specific condition or price level where a trade is initiated.
Instruments signifying an ownership position in a corporation.
The net value of an account (Balance + floating P&L).
The net value of a trading account graphed over time.
A segregated account keeping client funds separate from operating capital.
Exchange-Traded Funds; investment vehicles traded on exchanges.
Abbreviation for the Euro and U.S. dollar currency pair.
Euribor; daily benchmark rate for Euro wholesale money markets.
Currency deposited in a bank outside its country of origin.
An arrangement linking European currencies in the 70s and 80s.
The physical or digital marketplace where instruments are traded.
Central bank devices used to regulate flows of foreign exchange.
The expression describing the value of one currency in terms of another.
The process of finalizing or completing a trade order.
The price or condition at which a trader decides to close a position.
A major currency paired against an emerging market currency.
Automated algorithmic trading software designed for trading platforms.
The specific calendar month in which an option contract expires.
The point when a trading position or option automatically closes.
The value of goods and services shipped to another country.
The condition of being subjected to a source of market risk.
Dollar volume of new orders and shipments reported by manufacturers.
Trading strategy executed against a prevailing market move.
Financial Conduct Authority in the United Kingdom.
The United States Federal Reserve central banking system.
Currency whose value rises/falls in response to supply and demand.
Market slang term for the EUR/USD currency pair.
Ratio-based chart zones used to project pullbacks and extensions.
Forex slang for a major round number price level.
The execution or completion of a trade order.
Order filled immediately for its entire amount or rejected entirely.
Platforms where various financial instruments are bought and sold.
A dealer quote that can be immediately executed by the buyer.
Indicates that a currency is strengthening relative to a quote.
The first day a futures buyer can be called upon to take delivery.
The effect of interest rates moving capital to higher yielding assets.
Financial Information eXchange electronic communication protocol.
Official currency rate set and strictly defended by monetary authorities.
Term describing a trading book with zero net market exposure.
An exchange rate that is fixed but re-evaluated frequently.
An exchange rate whose value is entirely determined by market forces.
The unrealized profit or loss on open, unliquidated contracts.
An exchange's physical trading area, or a minimum option/rate limit.
Federal Open Market Committee.
Global decentralized marketplace for the trading of currencies.
Customer Relationship Management solution specialized for brokers.
A privately negotiated custom contract to exchange assets in the future.
A purchase or sale transaction with settlement on a future date.
Central bank signaling regarding future monetary policy paths.
Differential added or subtracted from spot to calculate forward rates.
The account equity minus used margin capital.
The margin by which excess bank reserves exceed borrowings.
The market-facing activities carried out directly by a dealer.
Evaluating values based on political, financial, and economic factors.
A standardized exchange-traded forward contract conveying a buy obligation.
The Group of Seven largest industrialized nations.
Significant price movement between sessions with no overlapping trading.
European General Data Protection Regulation.
The leverage ratio of borrowed funds to a trader's own capital.
A monetary system that backs its currency with gold reserves.
Technical analysis cross of a shorter moving average above a longer one.
An economy exhibiting steady growth and acceptable inflation.
Order remaining active at a fixed price until filled or canceled.
A series of orders built with a predetermined spread interval.
The total value of goods and services produced within a nation.
Total economic output produced by a nation's citizens.
A globally stable currency that investors maintain strong confidence in.
Technical chart formation indicating a trend reversal.
A protective position designed to offset adverse price movements.
An unregulated private pool of capital seeking speculative high returns.
Advanced programmatic trading processing massive orders ultra-fast.
Economic indicator tracking new residential home constructions.
An extreme period of rapid price growth devaluing currency to zero.
International Foreign Exchange Master Agreement.
International Monetary Fund.
International Monetary Market division of the CME.
Theoretical projection of future asset volatility derived from option pricing.
An option contract possessing intrinsic value.
Statistical measures tracking performance of groups of securities.
Indicator evaluating output changes in manufacturing and utility fields.
Sustained increase in general price levels devaluing currency.
The upfront cash collateral deposit required to open a leveraged position.
A professional buying and selling assets for managed group accounts.
The bid/offer rates at which international banks trade deposits.
A specialist intermediary matching trades strictly between market-makers.
The spread variance between two countries' benchmark interest rates.
Central bank market action to directly influence currency valuation.
An open market commitment squared off before the closing bell.
An agent who introduces new customers to a market maker for commission.
A monthly metric measuring purchasing changes across Canadian corporations.
Slang for retail household speculators in Japan driving carry trades.
The official national currency unit of Japan.
A short-term floor trader hunting minor fractional intraday profits.
A financial account controlled and maintained by two or more people.
An accounting log tracking every transaction and affected record.
A major currency to which smaller nations peg or orient their valuation.
Slang market term for the New Zealand Dollar (NZD).
The condition where a barrier option activates upon hitting a set price.
The condition where a barrier option expires void upon hitting a set price.
Identity and business entity verification processes for compliance.
The most recent transaction price recorded for an instrument.
A liquidity provider's brief window to accept or reject an execution.
The final day during which trading in a contract is permitted.
The time delay from order transmission click to execution fill.
Economic gauge shifting before the aggregate economy experiences trends.
Refers to the bid side of a two-way price quote.
A unique 20-character identifier for financial legal entities.
The multiplier ratio using borrowed funds to amplify exposure.
The structural obligation to deliver an asset value to a counterparty.
London Interbank Bid Rate; interbank deposit purchase rate.
London Inter-Bank Offered Rate benchmark for lending.
The maximum price drop allowed for a futures contract in a day.
Order instruction executing only at a specified price or better.
A chart format where fixed visual distance equals equal price shifts.
A market with high depth allowing sizing with minimal price shifts.
To settle an active open position by converting it to cash.
Market position positioned to capture profits if price appreciates.
Dealer market slang for the USD/CAD currency pair.
The standardized grouping unit size of a transaction contract.
Narrowest money supply measuring coins, cash, and checkable deposits.
Money supply category including M1 and small time deposits.
Broadest money definition adding institutional large deposits to M2.
Moving Average Convergence Divergence technical momentum tool.
The minimum cash equity required to keep a leveraged trade open.
Trading operations relying completely on human execution decision-making.
The cash collateral deposit required to maintain open position sizing.
Aggregating feed prices while holding distinct broker margin pots.
An automated notification demanding immediate fresh funds to cover risk.
The total market value of a corporation's outstanding shares.
An institution standing ready to continuously quote bid/ask prices.
An order executing immediately at the best available market price.
The series of swing highs and lows defining technical context.
A spread premium added by a broker to compensate for services.
A trading strategy betting on prices returning to historical averages.
Branch of economics tracking individual consumer unit behaviors.
The arithmetic middle point between bid and ask prices.
Markets in Financial Instruments Directive transparency rules.
A currency pair cross omitting the US Dollar.
Financial shorthand notation meaning exactly one million.
A financial market trading highly short-term credit instruments.
Technical analysis tool calculating smoothed price data over time.
Online multi-asset trading platform software solutions.
Software plugin distributing proportional master execution trades.
An open-ended investment company pooling capital for specified goals.
An unhedged and exposed trading direction subject to full market risk.
An automated global computerized stock quotation and trading exchange.
The nearest futures delivery month with the soonest calendar date.
A carry trade position causing net daily interest debits.
The aggregate sum value of all active open market positions.
The remaining difference between total open long and short exposure.
An investor executing entries based on high-impact data releases.
Critical monthly US labor statistics tracking employment shifts.
A short-term debt security with maturity under five years.
A state-of-the-art Equinix financial data center in New Jersey.
New York Stock Exchange located on Wall Street.
A non-standard transaction size differing from generic lots.
Organization for Economic Cooperation and Development.
The lowest price for which a seller is willing to sell.
The reduction of position risk by entering an opposite trade.
Contingent paired orders where execution of one deletes the other.
A brokerage providing asset trading access over the internet.
Organization of the Petroleum Exporting Countries.
The aggregate total number of outstanding unfulfilled contract slips.
Central bank trading of debt securities to control money supply.
A pending entry order remaining active until explicitly canceled.
An active market commitment subject to fluctuations and P&L.
The non-obligated contractual right to buy or sell an asset.
Chart footprints showing major concentrated institutional orders.
Over-the-Counter transactions executed directly off-exchange.
An asset trading above intrinsic value due to rapid buying sentiment.
The maximum net size a dealer can carry over into the next session.
An asset trading below intrinsic value due to aggressive selling.
Profit and Loss statement tracking transaction returns.
The official baseline cost or equality of asset values.
The specific calendar date when corporate distributions are executed.
The list of employees and wages managed by a company.
A currency stabilization regimen fixing values to a stronger asset.
Platform instructions to execute a transaction if pricing targets hit.
A macroeconomic business conditions survey tracking manufacturing.
Percentage in point; standard measurement block of forex price shifts.
A fractional pip digit displayed for extreme price precision.
Purchasing Managers Index evaluating corporate sector health.
Changes in government policies impacting currency values.
The expression of active market commitment or asset risk exposure.
A long-term macro trading strategy holding trades for months.
The margin amount by which an asset sells above par value.
The relative cost of purchasing a second asset in terms of a first.
An institutional entity providing massive credit clearing to funds.
A boutique brokerage providing interbank feeds via tier-1 bank connections.
Macro indicator evaluating wholesale cost layers across an economy.
Economic statement tracking structural efficiency of labor output.
The net financial returns generated via transaction activities.
Smart algorithmic routing of payment options by geography.
A temporary price movement against a prevailing trend path.
Central bank asset purchasing programs designed to inject cash liquidity.
The explicit bid and ask price statement given for an asset.
The second currency listed within a standard currency pair.
The specific volume of shares accessible at a stated bid price.
A period of sustained upside price expansion after flat momentum.
The difference between an instrument's highest and lowest price.
Strategy buying price support limits and selling resistance caps.
The exchange cost value linking two distinct currencies.
Options strategy buying long-term contracts and selling excess short ones.
Gross Domestic Product adjusted to delete inflationary distortions.
The explicit locked profit or loss resulting from closed positions.
A pair involving the USD where the US Dollar is listed second.
Matching internal transactional records with external bank ledger slips.
A financial market environment monitored by government agencies.
Repurchase agreement contract to sell securities and buy them back.
A fresh alternative price quote sent by a broker due to execution latency.
Liquid assets locked up to maintain systemic authority solvency.
A technical chart ceiling level where strong selling stalls price.
An individual speculator trading small capital blocks via retail brokers.
Daily mark-to-market calculations evaluating active account valuations.
A fundamental shift printed across an underlying trend path.
Refers to the ask or offer side of a two-way quote string.
The core pipeline of analyzing exposure and applying capital controls.
The overnight process extending option positions past delivery limits.
Relative Strength Index charting tool isolating overbought metrics.
A value-weighted index tracking 500 widely held public stocks.
An asset sought out by capital blocks during market panic phases.
Opening and closing market commitments within minutes for minor points.
Special Drawing Right basket currency deployed by the IMF.
Securities and Exchange Commission within the United States.
An account separating user capital from brokerage operations cash.
Pending order placed above market pricing to execute a short trade.
Explicit platform instructions to liquidate or short an asset unit.
Pending order placed below current pricing to short breakout moves.
The calendar date when physical or cash delivery must finalize.
A risk-adjusted performance metric tracking return volatility lines.
An excess of sales over purchases gaining value as pricing drops.
Currencies experiencing thin volume because capital shifts elsewhere.
The price discrepancy between expected costs and actual execution fills.
Automated logic routing trades to locations with the best liquidity.
Swiss Options and Financial Futures Exchange system.
Market trading actual assets for standard immediate 2-day delivery.
The exact value variance separating active bid and ask costs.
Central bank actions offsetting forex interventions in domestic credit.
Alternative baseline market name for the British Pound (GBP).
A momentum indicator tracking current closing ranges.
A contingent exit order engineered to cap position risk.
An order converting to a market order once a trigger price is hit.
Forced liquidation of open trades triggered by margin depletion.
Options strategy purchasing identical volumes of puts and calls.
The fixed contract price at which an option holder buys/sells.
Technical chart floor level where strong buying balances drops.
The exchange of payment streams, or interest costs for holding trades overnight.
Strategy holding positions for days to capture short-term swings.
Trader market slang for the Swiss Franc (CHF).
Start Your Own Brokerage program packages.
Short-term sovereign debt backed by the US government.
A limit exit order designed to capture targeted position gains.
Forecasting asset prices via historical chart data and patterns.
Mathematical charting metrics tracking price trends over short terms.
A low-volume environment showing high spreads and volatility.
The absolute smallest fractional price movement permitted by a venue.
A continuous streaming display of live financial price quotes.
The portion of an option's premium exceeding intrinsic value.
Tomorrow-Next Day short-term overnight forex transaction swaps.
Predatory flow exploiting price delays or technology bugs.
Macroeconomic metric evaluating export totals minus import metrics.
The calendar date on which a market transaction is officially entered.
A negative trade balance state where imports completely exceed exports.
A secure client hub login area for managing a trader's environment.
An analytical program generating expert buy and sell guidance.
A systematic strategy framework mapping execution objectives.
Software interface used to map price charts and process orders.
The aggregate total of asset contracts executed inside a window.
A dynamic stop order trailing behind prices as trades turn profitable.
The operational cost expenses tied to initiating an asset trade.
Long-term US sovereign debt bonds carrying maturities past 7 years.
Medium-term US sovereign debt with maturities between 1 and 7 years.
The dominant directional trajectory printed across an asset market.
A market environment forcing dealers to quote live bid and ask lines.
Currency restricted from international conversion by strict mandates.
An open trading position missing counterbalancing risk protection.
An exchange rate plunging beneath standard purchasing power parity.
The macroeconomic fraction of the active labor pool missing jobs.
The absolute micro contract size increment tradable in forex.
A transaction executed at a cost level higher than the previous.
The scheduled day when counterparties finalize asset asset exchange.
Same-day or next-day cash trade settlement timelines.
Potential account balance if all open tickets were closed.
Chicago Board Options Exchange implied volatility index index.
The rate and magnitude tracking short-term price variations.
Volume-Weighted Average Price tracking execution qualities.
The geographical heart of the financial district in New York City.
Selling an asset at a loss and buying an identical unit immediately.
A rapid price move in one direction followed by a sharp reversal.
The sale of assets in high bulk volume configurations to non-consumers.
A general platform term mapping pending limit or stop orders.
International finance group supplying economic development loans.
West Texas Intermediate sweet crude oil commodity benchmark.
World Trade Organization governing global trade agreements.
Financial market slang notation representing exactly one billion units.
The financial income return earned from a cash investment portfolio.
Graph mapping interest rates against debt instrument maturities.
Monthly medium-term economic expectation forecasts for the Euro Zone.