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Good-Till-Сancelled order (GTC)

January 18th, 2010

type of limit order that remains in effect until it is either executed (filled) or cancelled, as opposed to a day order, which expires if not executed by the end of the trading day. A GTC option order is an order which if not executed will be automatically cancelled at the option’s expiration.

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Bank of Japan

January 18th, 2010

The central bank of Japan. The Bank is often called Nichigin (日銀) for short. The Bank of Japan is headquartered in Nihonbashi, Tokyo, on the site of a former gold mint (the Kinza) and, not coincidentally, near the famous Ginza district, whose name means “silver mint”. www.boj.or.jp/en/

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Swap

January 18th, 2010

A transaction that moves the maturity date of an open position to a future date.

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Slippage

January 18th, 2010

It’s the experience of not getting filled at (or even very close to…) your expected price when you place a market order or stop loss. This can happen because either: market price is simply moving too fast, the market is not liquid or you’re talking to an unmotivated broker.

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Kiwi

December 31st, 2009

Traders term for the New Zealand Dollar.

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New Zealand dollar

December 31st, 2009

The New Zealand dollar is the currency of New Zealand. It also circulates in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. It is divided into 100 cents.

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NZD

December 31st, 2009

NZD is the currency symbol for the New Zealand Dollar.

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Electronic Communication Network

December 31st, 2009

ECN An electronic communication network (ECN) is the term used in financial circles for a type of computer system that facilitates trading of financial products outside of stock exchanges. The primary products that are traded on ECNs are stocks and currencies. FX ECNs broker provide access to an electronic trading network, supplied with streaming quotes [...]

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ECN broker

December 31st, 2009

Forex ECNs broker provide access to an electronic trading network, supplied with streaming quotes from the top tier banks in the world. By trading through an ECN broker, a currency trader generally benefits from greater price transparency, faster processing, increased liquidity and more availability in the marketplace.

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Electronic Communication Network

December 31st, 2009

ECN An electronic communication network (ECN) is the term used in financial circles for a type of computer system that facilitates trading of financial products outside of stock exchanges. The primary products that are traded on ECNs are stocks and currencies. FX ECNs broker provide access to an electronic trading network, supplied with streaming quotes [...]

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