N 2012

1.


Naked Put


A put sold by someone who is not short the underlying asset.


2.


Narrow Market


Also known as a thin market, where there is light trading.


3.


NAV


Net Asset Value. The total value of an asset less liabilities. In the case of a trading account, the NAV is the balance of deposits, realized and unrealized profit/loss, and interest, minus More…


4.


Negative Carry Pairs


A carry trade where you are long the lower interest currency and short the higher interest currency. This type of trade might be part of a hedging strategy.


5.


Negative Sloping Yield Curve


A yield curve is a graph that plots the various yields (usually government bonds) beginning with short term rates on the left side of the graph and extending towards long term rates to the More…


6.


Net Interest Rate Differential


The difference in the interest rates associated with two currencies.


7.


Net Position


Currency positions that have not been offset with opposite positions.


8.


Netting


Settlement method where only the difference (profit or loss) is settled at the close.


9.


New Zealand dollar


The New Zealand dollar is the currency of New Zealand. It also circulates in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. It is divided into 100 cents. See also: NZD


10.


News Trader


An investor who bases his/her decisions on the outcome of a news announcement and its impact on the market.


11.


NFP


Non-Farm Payroll. Reported monthly, this figure represents the total number of paid U.S. workers of any business, excluding farm employees, general government employees, private household More…


12.


Noise


The term used to describe market activity that does not always match overall market sentiment, resulting in a series of variables that, in reality, do not match their modeled counterparts. More…


13.


NOK


Currency symbol for the Norwegian Krone.


14.


Non-Client Order


An order on an exchange that is made by a participant firm or on behalf of a partner, officer, director, or employee of the participant firm. Where a participant firm is a firm that is More…


15.


NYCE


New York Cotton Exchange.


16.


NZD


NZD is the currency symbol for the New Zealand Dollar. See also: Kiwi