abcdefghijklmnopqrstuvwxyz S&P500 Index Also known as SPX500. Standard and Poor’s American stock market index. The index of 500 of the largest companies on the official list of the New York Stock Exchange. Scalper...

 abcdefghijklmnopqrstuvwxyz Range trading a share or an index often trades within a certain price range. Range trading is about buying at the low end of the range (on the hopes of a price rise to the high end of the range)...

 abcdefghijklmnopqrstuvwxyz Quarterly Bet This is a spread bet which runs for three months and rolls over until you close it out. Financing is already built into the price thus no further daily charges on this bet are made...

 abcdefghijklmnopqrstuvwxyz Pairs trading a strategy of taking out two spread bets to maximise the return from one share (or index) outperforming the other. For example, you buy (go long of) the share (or index) you think...

 abcdefghijklmnopqrstuvwxyz OCO (One Cancals the Other) – this is a mechanism for placing two orders at the same time, one above and one below the market; if one is triggered then the other is cancelled. Note that with...

 abcdefghijklmnopqrstuvwxyz Names Individual Members of the Lloyd’s of London market who have unlimited liabilities (see Equitas). NASDAQ 100 The US high-tech market. aka NDAQ100, this is an index of the 100 largest...

 abcdefghijklmnopqrstuvwxyz Maintenance margin Spread bets are traded on margin meaning that you do not pay for the full cost of the stock positions you control. This means that profits and losses fluctuate as the market...

 abcdefghijklmnopqrstuvwxyz Last Dealing Day The last day in the contract month in which a trader may deal in the product. Note that not only can the last dealing day be different for some spread bets but so can the actual...

 abcdefghijklmnopqrstuvwxyz Kerb Market A term applied to trading outside official market hours.

 abcdefghijklmnopqrstuvwxyz Junk bond a high-risk bond because the bond issuer has a poor credit rating (BB or lower) and therefore, is more likely to default. Due to the risk involved, junk bond usually has a high yield. As...