Trader's Glossary

Basis Point (BP)

A measure unit for interest rates which equals 0.01% and shows the percentage change in a financial instrument.
Did you know?

Telephones and telex used for trading quotes were replaced in 1973, as Reuters introduced computer monitors.

Word of the day
"Front Running" - The illegal broker practice of promoting their own interests with foreknowledge of events that are likely to affect the market.
Pro Tip

Always check if a broker is regulated before opening an account.

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