| Daily bets | |
| see intraday bets, daily bets are spread bets that expire at the end of the trading day. | |
| Daily settlement | |
| the official closing price for a particular market on a certain day. Also called daily close | |
| DAX 30 | |
| The index of 30 of the largest companies on the official list of the German Stock Exchange. | |
| Day order | |
| an order that will be filled during the day's trading session or cancelled. | |
| Day trader | |
| a trader who establishes and liquidates positions within one day's trading, ending the day with no established position on the market. | |
| Day trading | |
| refers to establishing and liquidating the same position or positions within one day's trading, thus ending the day with no established position in the market. Day trading can also be defined as the placing of up and down spreadbets over a very short time span with a view to making some quick profits. | |
| DAX | |
| the index for the thirty largest stocks on the German Stock Exchange. | |
| Dawn raid | |
| The purchase of a large number of shares early in the morning at the opening of the market. Often the first step in a takeover bid | |
| Dealing | |
| Buying and selling shares. | |
| Debenture | |
| Stock issued by a company and backed by its assets. It carries a fixed interest rate and is quoted like Government stock in terms of £100 nominal units. Its market value will move in sympathy with interest rates. | |
| Deep in the money | |
| an option which is so far in the money that it is unlikely to go out of the money prior to expiration. | |
| Delta | |
| the measure of the price-change relationship between an option and the underlying futures price. Equal to the change in premium divided by the change in futures price. | |
| Deposit | |
| the funds required as initial outlay for a bet. It is not the total amount that can be lost on a bet. Also called margin. | |
| Deposit account | |
| aka Debit Account. an account that should have enough funds to allow a client to place a bet. The opposite of a credit account. | |
| Deep out of the money | |
| an option which is so far out of the money that it is unlikely to go in the money prior to expiration. | |
| Deposit (NTR) | |
| the funds required as an initial outlay for a spread bet. With a credit account, the deposit requirement is waived up to your credit limit. | |
| Depreciation | |
| Money set aside to pay for the replacement of assets. | |
| Derivative | |
| a financial instrument that derives or takes it price from that of an underlying security such as an equity or commodity - be it the price of BP or the price of Silver. The security themselves may not be needed for the trade to take place. Examples of derivatives are options, futures, Contracts for difference (CFDs) and spread bets. Investors often trade derivatives to offset short-term falls in the value of the underlying security. | |
| Discount | |
| the amount by which a price of one instrument is lower than that of a similar instrument. As opposed to a premium. 2. the difference between the futures price and the spot price when the future is trading below the spot. | |
| Dividend | |
| The part of a company's profits distributed to shareholders, usually on a regular basis. An interim dividend is paid at the half-year stage and a final dividend at the end of the full year. Dividends are not paid on spread bets but are taken into account through the pricing of the bid-offer spread. | |
| Dividend cover | |
| The number of times the gross dividend could have been paid from the company's profits (after tax and payment of interest and preference share dividends). | |
| Dividend yield | |
| To calculate the yield, divide the dividend paid by a company, assuming there is one, into the share price. Any yield above the rates of interest available from the High Street banks tends to attract strong support for the shares. | |
| Double numbers | |
| Used in sports spread betting. Double the racecard numbers of all the winners at a particular horseracing meeting. So if horse number 12 wins a race, counts as 24 for the market. | |
| Double top, bottom | |
| A chart formation that signals a possible trend reversal. A double bottom would look similar to a W on a chart and a double top would look similar to an M | |
| Dow Jones Industrial Average index (DJIA) | |
| a price-weighted average of thirty actively traded blue chip stocks on the US stock exchange, primarily industrials. The thirty stocks are chosen by the editors of the Wall Street Journal (which is published by Dow Jones and Company). This index is the most widely used indicator of the overall condition of the stock market. More information on the Dow Jones available here. | |
| Down bet | |
| a bet that the price of a particular financial instrument will fall. Also referred to as a sell or going short. | |
| Downtrend | |
| a price trend characterized by a series of lower highs and lower lows. | |
| Drawdown | |
| the equity reduction in a trading account. The maximum drawdown is the largest difference between a relative equity peak and any subsequent equity low. Low drawdowns are a desirable performance feature for a trader, hedge fund or a trading system. |