Sunday, August 19, 2012

Fictitious Trading, Fill or Kill Order (FOK) - Forex Currency Trading

Fictitious Trading: Wash trading, bucketing, cross trading, or other schemes which give the appearance of trading but actually no bona fide, competitive trade has occurred.

Fill or Kill Order (FOK): An order that demands immediate execution or cancellation. Typically involving a designation, added to an order, instructing the broker to offer or bid (as the case may be) one time only; if the order is not filled immediately, it is then automatically cancelled.

Final Settlement Price: The price at which a cash-settled futures contract is settled at maturity, pursuant to a procedure specified by the exchange.

Financial: Can be used to refer to a derivative that is financially settled or cash settled.

Source: http://forex-currencytrading.com/fictitious-trading-fill-or-kill-order-fok-final-settlement-price-financial/2012/08/19

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