Glossary

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T

T-Bill
Treasury Bill.

Technical Analysis
An effort to forecast prices by analyzing market data, i.e. historical price trends and averages, volumes, open interest, etc.

Technical Correction
An adjustment to price not based on market sentiment but technical factors such as volume and charting.

Thin market
A market in which trading volume is low and in which consequently bid and ask quotes are wide and the liquidity of the instrument traded is low.

Tick
A minimum change in price, up or down

Tomorrow Next (Tom/Next)
Simultaneous buying and selling of a currency for delivery the following day

Transaction
The buying or selling of securities resulting from the execution of an order.

Transaction Cost
The cost of buying or selling a financial instrument.Transaction Date The date on which a trade occurs.

Turnover
The total money value of all executed transactions in a given time period; volume.

Two-Way Price
When both a bid and offer rate is quoted for a FX transaction