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B-Shares
Securities of Chinese incorporated companies that trade on either the Shanghai or Shenzhen stock exchanges. They are quoted in US Dollars on the Shanghai Stock Exchange and Hong Kong Dollars on the Shenzhen Stock Exchange. B-shares can be traded by residents and non-residents of China.
Backwardation
This occurs when the bid price exceeds the offer price for a share. This is a market distortion which usually occurs when stock is suspended or under a share repurchase scheme.
Base
A technical analysis tool. A chart pattern depicting the period when the supply and demand of a certain stock are in relative equilibrium, resulting in a narrow trading range. The merging of the support level and resistance level.
Base Rate (Europe)
The official rate at which The European Central Bank will lend to the retail banks.
Base Rate (UK)
The official rate at which the Bank of England will lend to the retail banks.
Basis
The difference between the price of a futures contract and the underlying market.
Basis of Expiry
The specification of the price at which a spread bet (contract) expires.
Basis Point / bp
Basis Points are a way of expressing variations in bond yields and interest rates. One basis point is a hundredth of one per cent (0.01 per cent). 1bp = 0.01%. If an interest rate rises from 4.5% to 5.0% it has increased by 50 basis points.
Bear
A person (bear) is someone who is pessimistic about the market and expects it to fall. Opposite of a 'bull'.
Bear Market
A 'bear market' is a term used to describe a falling market, or one that is trending lower. Opposite of a 'bull market'.
Benchmark Index
An Index designed to capture the entire investable universe eg The UK benchmark is the FTSE All-Share Index with more than 690 stocks. In these terms the FTSE 100 would be classed as a 'Tradable Index'.
Bet Per
The minimum movement you can bet on. This may differ from the underlying market tick size.
Beta
The measure of an asset's risk in relation to the market.
BetOnMarkets
A financial fixed odds trading company licenced and regulated by the Gambling Supervision Commission in the Isle of Man. For more details also see Financial Fixed Odds.
Bid or Bid Price
The quoted price at which an investor can Sell a share, index or commodity. The lower price of a quoted spread. Eg if the FTSE 100 is 6130 - 6132, then the 6130 is the Bid Price.
Bid-Ask Spread
The difference between what buyers are willing to pay and what sellers are asking for in terms of price.
Black Friday
The original Black Friday occurred on September 24, 1869, when prospectors attempted to corner the gold market.
Black Monday
Refers to October 19, 1987, when the Dow Jones Industrial Average fell 508 points on the heels of sharp drops the previous week. On Monday, October 27, 1997, the Dow dropped 554 points. While the point drop set a new record, the percentage decline was substantially less than in 1987.
Black-Scholes Option Pricing Model
A model for pricing call options based on arbitrage arguments. Uses the share price, the exercise price, the risk-free interest rate, the time to expiration, and the expected standard deviation of the share return.
Blue Chip
Blue Chip companies are large, well established and conservatively managed. The term refers to the highest valued poker chip.
BOBL
Medium term (5 year) German Government Bond.
BOE
Bank of England.
Bollinger Bands
Plus or minus two standard deviations where the standard deviations are calculated historically in a moving window estimation. Hence, the bands will widen if the most recent data is more volatile. If the prices break out of the band, this is considered a significant move. Bollinger Bands can be a useful predictor of imminent market movement. When they are contracting, look for a break out and when they are expanding, look for consolidation.
Bonds
An interest-bearing or discounted government or corporate security that obliges the issuer to pay the buyer / owner (bondholder) a specified sum which is usually paid at specified intervals. The issuer must also repay the original amount of the loan at the maturity date of the bond.
BRIC
Brazil, Russia, India and China.
BSE
Brussels Stock Exchange.
Bull
A Bull is someone who thinks the market will rise. The opposite of 'bear'. Somebody who expects a market to rise is commonly referred to as being 'bullish'.
Bull Market
A 'bull market' is one that is rising, or is trending higher. The opposite to 'bear market'.
Bund
Long term (10 year) German Government Bond.
Buy / Buy Bet
A bet that the price of a particular market / financial instrument will rise. Also called an Up Bet or Going Long.
Buy Order
An instruction to Buy at a different price to where the market is currently trading.
2,000+ Markets: Forex, Shares, Indices & Commodities
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The above information is correct at time of writing. The spreads quoted are for Rolling Daily markets and may vary out of hours. † Tax Law can change.
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Spread Betting carries a high level of risk
to your capital and you can lose more than your initial investment,
it may not be suitable for all investors. Ensure you only
speculate with money that you can afford to lose and that you fully
understand the risks involved and seek independent financial advice where necessary.
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purposes and is delivered as a personal view of the writer. Under no circumstances
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solicitation of any offer to buy. The website content does not constitute investment
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