Trader's Glossary

Black Swan

An unexpected event with sudden and damaging impact on the markets. The term was popularised by finance professor and former Wall Street trader Nassim Nicholas Taleb.
Did you know?

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

Word of the day
"Day Order" - A trade order that is valid until the end of the given trading day, at which point it automatically expires. Day Orders are also known as Good for the Day Orders.
Pro Tip

Most market activity occurs when at least two market centres are open at the same time.