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United Kingdom-based news service and former financial market data provider that provides news reports from around the world to news media
A market in which there is more interest from buyers than sellers. Opposite of offer market. See also Offer Market.
Industry:Financial services
Colloquial name for the New York Stock Exchange. See also NYSE.
Industry:Financial services
The stem of a rate. The big figure of 2-7/8 or 2.4253 is two. When quoting a price, dealers may only refer to the points (in foreign exchange) or to fractions (in money markets) and omit mention of the big figure. In the US, the big figure is known as the handle. See also Handle.
Industry:Financial services
A short-term debt instrument with a maturity usually no longer than two years, although terminology varies from country to country. Bill is often a shorthand reference to Treasury bills, which are short-term government debt. Medium-term debt instruments are notes and longer-term instruments are bonds. In some markets a note has a maturity of two to five years and a bond has a maturity longer than five years, but usage varies.
Industry:Financial services
Old financial instrument used to finance international trade. A bill of exchange is an order to pay a specified amount of money to the holder of the bill either at a set future date (a time draft) or on presentation of the bill (a sight draft). Also known as eligible bills, commercial bills, trade bills and BAs.
Industry:Financial services
An option that pays out a fixed amount if the underlying financial instrument which the option is based reaches the strike level either at expiry, or at any time during the life of the option. Also called all-or-nothing option, digital option or one-touch option. See also Option, Strike Price.
Industry:Financial services
An option pricing formula suggested by Cox, Ross, Rubinstein and Sharpe and used primarily to calculate the value of American-style options. See also American Option, Option.
Industry:Financial services
Transactions not officially recorded due to tax evasion.
Industry:Financial services
Large transactions usually performed by institutional buyers or sellers.
Industry:Financial services
