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Swap

The simultaneous purchase and sale of an identical amount of one currency (base currency) for another (foreign currency) with two...

Spot-Next FX Swap

A forex transaction that involves the simultaneous purchase and sale of identical amounts of one currency for another with two...

Bit Gold

A proposed form of a decentralized digital currency that was presented by blockchain pioneer Nick Szabo in 1998. Though it...

Base Currency

The first currency in a currency pair. It is the basis for the buy or the sell: if an investor...

Points

Another term for pips; digits that are added to or subtracted from the fourth decimal place in a currency rate...

Percentage Spot Delta

The ratio of the percentage change in present value of an option with respect to the percentage change in spot,...

Pips

Digits that are added to or subtracted from the fourth decimal place in a currency rate quote. For example, in...

Power Reverse Dual Currency Note

A long-dated FX product that aims to enhance yield for yen investors (those with yen-denominated investments). The note is based...

Pips Spot Delta

The ratio of the change in present value of an option with respect to the change in spot, where both...

Carry Trade

A currency trading/ speculation strategy that involves borrowing in low-interest currencies (low-yielding currencies) in order to invest in high-interest currencies...