Futures and Forex Glossary Dictionary A2

Scorpion
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Scorpion  
Asian option

As opposed to an option whose pay off is at maturity, the payoff of an Asian option depends on the average price of that asset over a certain period of time. Therefore an Asian option precludes losses from arising due to volatility. Also called Average option Related Terms: Average option, American option

Ask

The agreeable price at which a security is offered for sale by a seller. Ask quote also indicates the amount of security that the seller is prepared to sell at that price. Also called the “offer” price Related Terms: Offer Price, Ask Size, B

Ask Rate

Same as ask.

Asset

A resource that has economic value.

Asset Class

Specific items having value. Example: Stocks, options and forex.

Associated Person (AP)

Individuals and entities involved in materializing customer orders in the futures market and who are required to comply with rules and regulation of different futures exchanges. Related Terms: Market maker, Specialists

At-the-Money

An option whose underlying futures price is equal to the strike price.

Aussie

Australian dollar referred to in slang terminology. Similar to US Dollar being called greenback Related Terms: AUD, Australian Stock Exchange

Australian Dollar (AUD)

The Australian dollar represented by the symbols $, A$ or AU$ is the currency of Australia and the Pacific Island states of Nauru, Tuvalu and Kiribati. The AUD is a highly traded currency. Related Terms: Australian Financial Markets Association (AFMA)

Authorized Forex Dealer

Individuals and entities authorized by regulatory authorities to function as dealer in trading of foreign currencies. Related Terms: Broker Dealer, Dealer

Automated Trader

Trader who inputs trades automatically without human interference using automated trading systems.