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?

Between the years 1860 and 1913, the number of foreign banks operating in London increased from 3 to 71.

Word of the day
"Basket Currency" - A currency used as a reference point for a currency peg.
Pro Tip

There is no get-rich-quick formula. If someone promises you one, take a step back, and then run as far away from them as possible.

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