Given
Refers to a bid being hit, or selling interest.
Related terms
Hit the Bid
To sell immediately at the current bid price, the highest price a buyer is willing to pay. The phrase comes from the bid-ask spread, the gap between buyers’ and sellers’ prices.
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Refers to the price quotation of ‘00’ in a price such as 1.2600-03, read as ‘figure-three’. If someone sells at 1.2600, traders say ‘the figure was given’ or ‘the figure was hit’.
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Refers to the offer side of the market dealing.
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Aggressive
A description of traders and/or price action acting with conviction.
Read full definitionArbitrage
The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
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An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
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A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
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Traders who expect prices to rise and who may be holding long positions.
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