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Price differential between the bid and offer (ask) price. Also known as “Bid” Related Terms: B
Big figureIndicative of initial 2 or 3 digits of currency exchange price. Example: If EUR/USD price is 0.9525/30 the big figure is 0.95.
Blocked CurrencyAny currency used exclusively for transaction within a country but cannot be changed to other currencies due to domestic exchange controls. Also referred to as non-convertible currency Related Terms: Blocked Account, Non-convertible currency
BlotterA documentation of trades made during a particular trading day detailing time of trade, price, order size, whether ‘buy’ or ‘sell’ etc. usually through data feeds in trading software programme. The blotter can be customized to the needs of the user as w
Board of Trade (CFTC)US government agency responsible for recording and monitoring trades in commodity futures
BookThe total currency position a forex dealer has at any specific point in time or the cumulative long and short positions held by a trader.
Bretton WoodPlace where post World War II conference was held in 1944 to set-up the International Monetary Fund (IMF) and the fixed exchange rate system.
BrokerAn individual or entity buying and selling currencies in lieu of a commission or spread.
BrokerageAn entity that offers trading services for currency, futures, option and stock. Related Terms: Broker
BucketingA broker’s order confirmation to a client without actually executing it, the intention being short term gains. Related Terms: Bucket Shop, Churnin
BullA presumptive trader who foresees currency price rise.
Bull Market (Bull/Bullish)An upwardly trending currency or futures market.
Bull Put SpreadA strategy employed by the option trader writing one option and selling another with a higher strike price but with the same date of expiry. Related Terms: Bear Put Spread, Bull Call Spread, Credit Spread
Bull dog MarketJust as “samurai’ market refers to the market in Japan; bull dog market is a slang for stock market in the UK, alluding to the famous British Bulldog. Bull dog market is in no way related to “bull market”. Related Terms: Bull dog bond, Equity Ma
BundesBankGerman Central Bank which is the equivalent of the Federal Reserve, and now a part of European Central Banking system. Related Terms: Central Bank, Centre for European Economic Research
Business CycleIrregular but periodic up-and-down movement in economic activity as measured by fluctuation of macro economic variables as for example GDP fluctuations. Comprises a sequence of 4 phases namely Contraction (Slow down in economic activity); Trough (point where contraction turns into expansion); Expansion (acceleration of economic activity) and Peak (upward turning of business cycle).
Buy Limit OrderA currency transaction ordered to be completed at the limit price or lower.
Buy on MarginThe act of buying a currency wherein the investor pays only a part (margin) of the currency value.