Monthly Archives: February 2010

LIBOR

LIBOR stands for London Interbank Offered Rate.  LIBOR is a daily reference rate that declares the interest rate at which the Interbank will be lending money to the other Interbank that are functioning in the wholesale financial market. The LIBOR will be higher than the rate at which the London Interbank is ready to accept [...]

Slippage

Slippage is the difference between the price at which your order got filled and the price at which you actually expect it to be filled.  Slippage is normally a kind of loss.  This usually happens when you place a market order or stop loss. If the political or economic climate of the world changes, there [...]

Two-Way Price

A Two-Way price is a quote in which both the bid and offer are quoted. The two-way price also provides the spread between the bid and the ask price thus providing traders with an idea of the existing liquidity in the security. A last trade quote refers to only the price at which the security [...]

Syrian Pound SYP

The National currency of Syria is Syrian pound. One pound is divided into 100 piastre.The ISO 4217 code is CHF. The coins in current use are 1, 2, 5, 10, 25 pounds. The currency notes in circulation are 1, 5, 10, 25, 50, 100, 200, 500, 1000 pounds. The Central Bank is Central Bank of [...]

Samoan Tala WST

The National currency of Samoa is Samoan Tala. The symbol is WS$. One tala is divided into 100 sene. The ISO 4217 code is WST. The coins in current use are 1, 5, 10, 20, 50 sene and 1 tala. The currency notes in circulation are 2, 5, 10, 20, 50, and 100 tala. The [...]