Ask price/Ask
The price at which a seller has offered to purchase the currency or instrument.
Glossary and FAQs
Explore key trading terms and find answers to common questions about GTCFX's products, services, and trading conditions.
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A · Trading glossary
14 termsArbitrage
Simultaneous buying and selling of securities, currency, or commodities in different markets to profit from price discrepancies.
Account
Record of all transactions.
Account Balance
Same as balance.
Agent
An individual employed to act on behalf of another (the principal).
Accrual
The apportionment of premiums and discounts on forward exchange transactions that relate directly to deposit swap (Interest Arbitrage) deals, over the period of each deal.
Adjustment
Official action normally by either change in the internal economic policies to correct a payment imbalance or in the official currency rate.
Agent Bank
(1) A bank acting for a foreign bank. (2) In the Euro market - the agent bank is the one appointed by the other banks in the syndicate to handle the administration of the loan.
Aggregate Demand
Total demand for goods and services in the economy. It includes private and public sector demand for goods and services within the country and the demand of consumers and firms in other countries for goods and services.
Aggregate risk
Size of exposure of a bank to a single customer for both spot and forward contracts.
Aggregate Supply
Total supply of goods and services in the economy from domestic sources (including imports) available to meet aggregate demand.
Agio
Difference in the value between currencies. Also used to describe percentage charges for conversion from paper money into cash, or from a weak into a strong currency.
Appreciation
Describes a currency strengthening in response to market demand rather than by official action.
All or None
A limit price order that instructs the broker to fill the whole order at the stated price or not at all.
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