Sébastien Haller

Refers to stop-loss orders building up; the accumulation of stop-loss orders to buy above the market in an up move, or to sell below the market in a down move.

A market whereby products are traded at their market price for immediate exchange.

A term used when the market feels like it is ready for a quick move in any direction.

A nickname for the British pound or the GBP/USD (British pound/US dollar) currency pair.

Purchase and sales are in balance and thus the dealer has no open position.

The Secured Overnight Financing Rate (SOFR) is the overnight interest rate used for US dollar-denominated loans and derivatives in the overnight market. It indicates how much a bank will have to pay to borrow cash from another institution. The rate is underpinned by US treasury securities, which a bank will offer as collateral to secure their overnight cash loans. These loans are a vital part of trading derivatives, as they allow parties to speculate on interest rates and borrowing costs.

A rollover is the simultaneous closing of an open position for today’s value date and the opening of the same position for the next day’s value date at a price reflecting the interest rate differential between the two currencies. In the spot forex market, trades must be settled in two business days. For example, if a trader sells 100,000 Euros on Tuesday, then the trader must deliver 100,000 Euros on Thursday, unless the position is rolled over. As a service to customers, all open forex positions at the end of the day (5:00 PM New York time) are automatically rolled over to the next settlement date. The rollover adjustment is simply the accounting of the cost-of-carry on a day-to-day basis.

The Securities and Exchange Commission.

An indicator of the status of your open positions; that is, unrealised money that you would gain or lose should you close all your open positions at that point in time.

Symbol for Russell 2000 index.