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OCO
see One Cancels the Other.
Offer / Offer Price
The price at which you can Buy a share, index or commodity. Also called the Ask. It is the higher price of a quoted spread and the level at which you would Buy or Go Long of a market.
One Cancels the Other / OCO
Two linked orders where, if one is filled, the other is automatically cancelled. With One Cancels the Other (OCO) orders you can leave two separate opening orders in the same market so that if one of them is triggered and filled, the other is cancelled. This leaves you with just the one open position.
Open Position
A long or short position whose value will change with a change in prices ie trades that are currently running within a portfolio and are yet to be closed (settled).
Open Trade Equity / OTE
Unrealised profit or loss on an open position.
Opening Range
Markets, particularly highly liquid ones often do not have any opening price but rather they are given an opening range (usually for the first two minutes) where opening orders are filled.
Operator
A company that offers trading eg a Spread Betting firm like FinancialSpreads.com.
Option or Options
A financial derivative instrument that gives the right, but not obligation, to purchase (call) or sell (put) a fixed amount of share at a specified price and within a certain time limit.
Option Writer
Also called the Option Seller; the party who grants a right to trade a security at a given price in the future.
Order
A Buy or Sell instruction given by a client to a dealer. A pending trade that is only executed as a trade when the trader's conditions are met. eg a spread bettor might place an order to buy an index future if its price falls to a certain level. Types of order include Stop Loss Orders, Limit Orders, If Done Orders and OCO Orders.
Order Book
A term used for the SETS system employed in London. Orders to buy and sell are allowed to collect on an order book where they can match and execute against one another.
OSE
Osaka Securities Exchange.
OTE Inclusion Ratio
The proportion of Open Trade Equity (OTE) that can be used to finance current or future trades.
Our Quote
The two-way (bid/offer) price made by the Operator on which you can trade. Orders can often be left based on the 'Our Quote', meaning they will not be triggered or filled until the Operator Buy or Sell price hits the specific level.
Our Quote Order
A stop, or limit, is usually placed on the basis of Our Quote. An order will be filled if it matches the Buy or Sell price of the Operator.
Out-of-the-Money Option
A call option is out of the money if the strike price is greater than the market price of the underlying security. That is, you have the right to purchase a security at a price higher than the market price, which is not valuable. A put option is out of the money if the strike price is lower than the market price of the underlying security.
Overbought
A term used to describe a market that has appreciated very quickly and that has an overly bullish sentiment. A near-term decline or correction is often likely.
Oversold
A term used to describe a market that has declined very quickly and that has an overly bearish sentiment. A near-term rally or correction is often likely.
£1 per point: Start trading £1 per point/tick & an initial deposit of £30
Multiple markets: Forex , Commodities, Indices & Equities
Risk Warning - Spread betting carries a high level of risk to your capital & you may lose more than your initial investment. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seek financial advice where necessary & make sure spread betting meets your investment objectives.
(1) The FTSE Rolling Daily Spread is 1 tick during market hours & 4 ticks out of hours. 1 Tick is defined as a full FTSE point. See our Product Information for more details. (2) The above information is correct at time of writing. (3) Tax Law can change.
FinancialSpreads.com is a trading name of London Capital Group Ltd which is authorised & regulated by the Financial Services Authority (FSA). Registered address: is 4th Floor, 12 Appold Street, London EC2A 2AW. All information correct at time of publication.
Risk Warning:
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.
Disclaimer:
Online-Spread-Betting.com does not endorse the information and
analysis available on this site. It is provided purely for information
purposes and is delivered as a personal view of the writer. Under no circumstances
is the information hereon to be used or considered as, an offer to sell, or a
solicitation of any offer to buy. The website content does not constitute investment
advice and neither the individual contributor nor Online-Spread-Betting.com accepts any
responsibility for any use that may be made of the content.
* Tax Free Trading:
Tax law is subject to change. It may also differ if you pay tax in a jurisdiction outside the UK.
