Glossaries：O

金融商品を取引するとき、一番の壁は専門用語です。また、一般的な用語でも、株価・為替(FX, CFD), 仮想通貨などでは違う意味で使われていることもあります。そんな時に便利な用語辞典をご用意しました。取引を始めたばかりの初心者から経験者まで全ての方に片手間で調べたい時に、ささやかですが、是非参考にしてください。

When we trade financial products, the number one barrier is terminologies. In addition, even general terms we use in our lives in the financial world such as stock, forex, cryptocurrencies may have different meanings. In such a case, this site has prepared a convenient term dictionary. It’s a small thing, but please refer to it when you want to find out glossaries with one hand for all investors from beginners who have just started trading to experienced people.

Sponsor

O

OECD

Organization for Economic Cooperation and Development, an international organization helping governments tackle the economic, social and governance challenges of a globalized economy.

Offer

The rate at which a dealer is willing to sell the base currency .

Offered Market

Temporary situation where offers exceed bid.

Official Settlements Account

A US balance of payments measure based on movement of dollars in foreign official holdings and US reserves. Also referred to as reserve transaction account.

Offset

The closing-out or liquidation of a futures position.

Off-Shore

The operations of a financial institution which although physically located in a country, has little connection with that country’s financial systems. In certain countries a bank is not permitted to do business in the domestic market, but can do business with other foreign banks. This is known as an off-shore banking unit.

Old Lady

Old lady of Threadneedle Street, a term for the Bank of England.

One Cancels Other Order

Where the execution of one order automatically cancels a previous order – also referred to as OCO or “One cancels the other”.

Open Interest

The total number of outstanding option or futures contracts that have not been closed out by offset or fulfilled by delivery .

Open Market Committee

=Federal Open Market Committee.

Open Market Operations

Central bank operations in the markets to influence exchange and interest rates.

Open Position

Any deal which has not been settled by physical payment or reversed by an equal and opposite deal for the same value date. It can be termed as a high risk, high return proposition.

Option

A contract conferring the right but not the obligation to buy (call) or to sell (put) a specified amount of an instrument at a specified price within a predetermined time period.

Option Class

All options of the same type – calls or puts -listed on the same underlying instrument.

Option Series

All options of the same class having the same exercise/strike price and expiration date.

Original Margin

= Initial Margin.

OTC

=Over the Counter

Out-of-the-Money

A put option is out-of-the-money if the exercise/strike price is below the price of the underlying instrument. A call option is out-of-the money if the exercise/strike price is higher than the price of the underlying instrument.

Outright Deal

A forward deal that is not part of a swap operation.

Outright Forward

A foreign exchange transaction involving either the purchase or the sale of a currency for settlement at a future date.

Outright Rate

The forward rate of a foreign exchange deal based on spot price plus forward discount/premium.

Over Bought or Over Sold

= long and short.

Over The Counter (OTC)

A market conducted directly between dealers and principals via a telephone and computer network rather than a regulated exchange trading floor. These markets have not been very popular because of the risks both the parties face in case the other party fails to honor the contract. They have never been part of the Stock Exchange since they were seen as “unofficial”.

Overheated (Economy)

This is an economy on a high growth rate trajectory placing pressure on the production capacity, resulting in increased inflationary pressures and higher interest rates.

Overnight

A deal from today until the next business day.

Overnight Limit

Net long or short position in one or more currencies that a dealer can carry over into the next dealing day. Passing the book to other bank dealing rooms in the next trading time zone reduces the need for dealers to maintain these unmonitored exposures.

＊These glossaries are based on easyMarkets educational tools.