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Ask
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In financial market assets have an ask price, this is the price at which an investor can buy an asset in the financial markets. The ask price is a part of the formula which is used to calculate the expiry level of an asset.
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At-the-money
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A financial term, which means that the current price of the underlying asset is the same as the price when the option was purchased.
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Bid
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In financial market assets have a bid price, this is the price at which an investor can sell an asset in the financial markets. The bid price is a part of the formula which is used to calculate the expiry level of an asset.
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Binary options (digital options)
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Trading options that pay out a pre-set and fixed amount if the underlying asset on which the option is based reaches the trader’s selected ‘direction’ (up or down compared with advertised value at the time of purchasing that option) at expiry time.
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Bloombex rates
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Bloombex enables the client to buy or sell an asset with no market spread. The open rate for a put option = open rate of a call option.
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Call option
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A call option provides the investor with the opportunity to gain if the asset rally's above the open rate of the call transaction. in the event that the expiry rate is the same as the open rate, the investor will be refunded with the full investment amount.
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Commodities
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Commodities is a general name given to raw materials from a variety of sectors such as energy, food and metals. for more information see "asset index".
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Execution rate
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The entry level of the investor to the trade.
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Expiry rate
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The price/level of the underlying asset when the option expires. This price determines whether the option is in-the-money, out-the-money or at-the-money.
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Expiry time
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The time & date when Binary Option expires and reaches the end of its predetermined life cycle.
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In-the-money
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A financial term, which means that the option is profitable (for example – if the option was a Call – then the current price of the underlying asset would be higher than the original price at the time the option had been purchased).
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Indices
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Index represents a basket of stocks. for more information about the indices traded on the platform see "asset index"
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Mid Market
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The average of the bid and ask, this price represent the real price of the market with no spreads between bid and ask.
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One-Touch Option
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An option which gives the investor a predetermined fixed payout once the price of the underlying asset reaches or surpasses a predetermined level. To be eligible for payout, it is sufficient that the option touches or surpasses the predetermined level just once throughout the option’s life cycle. If the predicted level is not reached or surpassed even once, the initial investment is lost.
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Out-the-money
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A financial term, which means the option in not profitable.
A Digital option Call Option is out-of-the-money when the asset’s Expiry Price Level is lower than the option’s execution price.
A Digital option Put Option is out-of-the-money when the asset’s Expiry Price Level is higher than the option’s execution price.
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Put option
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A put option provides the investor with the opportunity to gain if the asset drops below the open rate of the put transaction. In the event that the expiry rate is the same as the open rate, the investor will be refunded with the full investment amount.
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Reuters
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Reuters system, one of the worlds leading financial data provider. It is the system which TraderXP takes it's expiry rates from.
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Stocks
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Stocks confirm that the holder of stocks has purchased a percent of a company and as such is entitled to a profit sharing relative to the percent he has in the company. In case of a bankruptcy the stock holders are the last to receive any of the companies assets.
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Trading hours
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Each asset has it's own trading hours and trading days and holidays. To see the assets trading hours click asset index. Sometimes you will see that even though the asset is supposed to be traded it's not listed. In such a case simply press refresh.