APIs
January 18th, 2010
API Trading
January 18th, 2010
Trading that is conducted through an Application Programming Interface. APIs, such as the one available for FXTrade, enable users to build custom trading functionality into their own software systems.
Adjustable Peg
January 18th, 2010
Exchange rate regimen where a currency’s exchange rate is pegged (fixed) in relation to a stronger currency, such as the US dollar or the euro. The pegged rate is adjusted occasionally in an attempt to improve the country’s competitive position. For example, China’s yuan is sometimes pegged to the US dollar.
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.
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/
Swap
January 18th, 2010
A transaction that moves the maturity date of an open position to a future date.
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.
