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Offer
The rate according to which a currency can be bought. |
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Offseting Transaction
A transaction to cancel or compensate partial or complete market risk for an open trade. |
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One Cancels the Other Order (OCO Order)
A contingent order comprised of two orders. While one is being executed, the other one is automatically canceled. |
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Open Order
An order to be executed when the market is close to the price designated in the order. |
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Open Trade
A transaction that hasn't been closed upon merchandise delivery or the opposite trade. |
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Over The Counter (OTC)
A term that describes a trade that was performed outside the stock exchange. An OTC market does not count on an exchange center or a compensation box where all orders converge. In this market, trades are performed through different financial centers outside the borders of a unique market. There are several Financial Centers for Geographic Forex Trades all over the world, such as London, New York, Tokio, Frankfurt, Dubai, Geneva, Paris, Hong Kong, and Sydney. |
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Overnight
A trade that remains open at the end of the day and rolls over to the next business day. |
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