Glossary – Trading

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There are 13 names in this directory beginning with the letter E.
European Central Bank, the central bank for the countries using the Euro.

The term electronic communication network (ECN) is used to describe the type of computer software which facilitates trading of financial products. These financial products include stocks and currencies.

Economic indicator
An economic indicator is a statistic about an economic activity. Common indicators include employment rates, Gross Domestic Product (GDP), inflation, retail sales, etc.

Electronic Fund Transfer

End of day order (EOD)
An order to buy or sell at a specified price that remains open until the end of the trading day, typically at 5pm / 17:00 New York.

The time zone of New York City, which stands for United States Eastern Standard Time/Eastern Daylight time.

A name for the Euronext 50 index.

The currency of the Eurozone.

European Monetary Union (EMU)
An umbrella name for the group of policies that aim to coordinate economic and fiscal policies across EU Member States.

European session
07:00 – 16:00 (London).

A share bought where the buyer forgoes the right to receive the next dividend and instead it is given to the seller.

A less traded currency.

Expiry date / price
The precise date and time when an option will expire. The two most common option expiries are 10:00am ET (also referred to as 10:00 NY time or NY cut) and 3:00pm Tokyo time (also referred to as 15:00 Tokyo time or Tokyo cut). These time periods frequently see an increase in activity as option hedges unwind in the spot market.
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