Value Date
The date on which a foreign exchange transaction is settled by payment and delivery.
Variation Margin
Additional margin required to bring an account up to the required level due to market fluctuations.
The relative rate at which the price of a security moves up and down. Volatility is found by calculating the annualized standard deviation of daily change in price. Implied volatility is a theoretical value designed to represent the volatility of the security underlying an option as determined by the price of the option.
Volatility Risk
The risk in the value of options portfolios due to the unpredictable changes in the volatility of the underlying asset.
The shares that are traded for a given market or tradable within a specified time period.