D
DAILY CUT-OFF (OR CLOSE OF BUSINESS DAY)
The single point in time that signifies the end of that Business Day. The Trade Date of any Contract entered into after the Daily Cut-off shall be considered executed on the next Business Day. The Daily Cut-off will occur at a time selected on any Business Day solely by FXDD and may be changed at the discretion of FXDD.
DAY ORDER
An order that if not executed on the specific day is automatically canceled.
DAY TRADER
Speculators who take positions in investment products, which are then liquidated prior to the close of the same trading day.
DEAL BLOTTER
A listing of all the deals that were executed over a specified time period, usually the trading day.
DEAL DATE
The date on which a transaction is agreed upon.
DEAL TICKET
The primary method of recording the basic information relating to a transaction.
DEALER
An individual or firm acting as a principal, rather than as an agent, in the purchase and/or sale of foreign exchange. Dealers trade for their own account and risk.
DEFAULT
Generally speaking a breach of contract.
DEMO TRADING PLATFORM
The demo trading platforms allow prospective FXDD customers to get used to the trading platform's features without risking their capital by executing contracted trades. Since the platform does not involve actual deals or contracts, any profit or loss generated by using the platform do not accrue nor are they an obligation of the demo customer. It is strictly for demonstration purposes only.
DEPRECIATION
A fall or decline in the value of a currency due to market forces
DEPTH OF MARKET
A measure of the size of volume available for transaction purposes for a particular currency pair at a specific point in time.
DETAILS
All the information required to finalize a foreign exchange transaction, i.e. name, rate, and dates.
DEVALUATION
The deliberate downward adjustment of a currency against its fixed parities or bands, normally initiated by a formal announcement by a country.
DISCRETIONARY INCOME
Net of tax and fixed personal spending commitments.
DM, DMARK
Deutsche Mark.
(DOLLAR) MOVING AVERAGE
An indicator frequently used in technical analysis showing the average value of a security's price over a set period. Moving averages are generally used to measure momentum and define areas of possible support and resistance.
DOMESTIC RATES
The interest rates applicable to deposits in the country of origin.
"DONE"
The term used by FXDD representative to indicate that a verbal deal has been executed and is now a binding deal.
DOWN TICK
The sale of a security (usually an equity or stock) at a price lower than the previous one.