Desde AFO hasta volatilidad, hemos compilado los términos más comúnmente asociados con contratos por diferencias y los hemos definido para usted, permitiéndole dominar la terminología del mercado y lograr un mejor entendimiento del mismo.
Backwardation - When the price for immediate delivery of a commodity is higher than the price of delivery for a future date.
Base Rate (UK) - The official rate at which the Bank of England (BoE) will lend to the retail banks.
Bear - Used to describe someone who expects a market to decline, commonly referred to as being "bearish."
Bear market - Used to describe a market that is either expected to decline or is already in the process of declining.
Bid price - The lower price of a quoted spread. The level at which a client would sell or "go short" of a market.
Blue-chip company - A term derived from the most valuable chip used in poker; it implies a large, long-established (and almost certainly profitable) company considered to be conservatively managed.
Bull - Used to describe somebody who expects a market to rise, commonly referred to as being "bullish."
Bull market - A market that is either expected to rise or is already in the process of rising.
Buy - To place an opening trade at the offer price of a spread in anticipation of the underlying market rising, commonly referred to as an "up trade," "taking a long position," or "going long." You can also buy at the offer price to close an existing short position.
Call option - The right, but not the obligation, to buy at a fixed price on or before a predetermined date.
Cash market - The market in the underlying financial instrument (shares, indices, commodities, etc.) on which a futures or options contract is based. Also known as a spot market.
CBOT - Chicago Board of Trade.
Charting - A visual method of trading, or analysis of the markets using price information to form a picture of previous price movements.
Closed position - A long or short position that has been liquidated.
Commissions - Fees that brokers charge a client for buying/selling of a financial product. Commissions range from broker to broker, and can be charged as a percentage or as a flat rate. GFC Global Financial Contracts does not charge commissions on spread bets.
Contango - When the price for immediate delivery of a commodity is lower than the price of delivery for a future date.
Contract month - The specified month to which a futures or options contract refers. This is the month when the specified instrument is delivered in exchange for cash settlement.
Cover - To sell a long position, or buy back a short position.
CME - Chicago Mercantile Exchange.
COMEX - Commodity Exchange Inc. (New York).
CSCE - Coffee, Sugar & Cocoa Exchange. (New York).
DAX 30 - The German stock market index of the 30 most liquid German stocks.
Discount - When a derivative is trading below the current market price it is said to be trading "at a discount." A futures market that is trading below the level of the spot market is said to be trading at a discount.
Dividend - A cash bonus or other distribution made by a company to its shareholders and applicable to every share that they hold in relation to that company. Spread bets in relation to individual equities do not qualify for dividends.
Fair Value - The theoretical price at which a futures contract would be expected to trade.
Fill - Used to describe when a market order is completed or executed, commonly expressed as having been "filled."
FINEX - Financial Instrument Exchange, New York.
Float / flotation - The first public offering of a company's shares or securities on a regulated exchange.
FSA - The Financial Services Authority. The government-appointed body responsible for regulating spread betting, FX and CFDs within the U.K.
FTSE - Financial Times Stock Exchange, London.
FTSE 100 - The index of the UK's top 100 public quoted companies as rated by market capitalization.
FTSE Mid 250 - The index of the next 250 companies rated below the top 100.
FTSE 350 - The UK's top 350 public quoted companies by market capitalization; a combination of the FTSE 100 and the FTSE Mid 250.
Fundamental analysis - Looking at revenues, earning, management and prospects for successful products in order to evaluate a company's stock. When applied to a market or industry, it takes economic conditions and statistics such as unemployment and interest rates into account.
Futures trade - Buying or selling a contract at an agreed opening price and for a set expiry date and time in the future.
Gap through - When a market opens or trades through the specified level of a market order without actually trading at the price of the market order.
Gearing - Also known as leverage. To use borrowed funds (trading "on margin") to purchases a financial instrument, which increases your exposure to the market with a lower capital requirement. Results in magnified profits and losses.
GTC (Good 'til cancelled) - Applicable to market orders, it signifies that the order will be open and carried forward indefinitely until it is either filled or cancelled by the client.
Gray market - Quotes that are offered where there is no underlying market, for example an Initial Public Offering.
Guaranteed order - An order that, for a small premium, is guaranteed to limit a client's losses, both during and outside of market hours, to the amount specified.
Illiquid - A market that doesn't have much volume. Can be moved disproportionately by a small amount of business and often result in wide bid/offer spreads.
Initial margin - The size of the cash deposit that is required to trade a specified position. By multiplying your proposed stake by the initial margin multiplier, you can calculate the amount of initial margin (or waived initial margin) that is required before you can place the trade.
Initial Margin Credit Allocation - Applicable to Standard and Premier Credit Accounts only, it is the amount of Initial Margin that GFC Global Financial Contracts has agreed to waive. The amount is normally the equivalent of the level of Variation Margin Credit Allocation but can be greater. The granting of this allocation is subject the terms and conditions of GFC Global Financial Contracts.
IPE - International Petroleum Exchange, London.
Insider dealing - Refers to any use, for purposes of financial gain, of any price sensitive information that is not already public knowledge. Insider dealing, if proven, is punishable by unlimited fines and a possible term of imprisonment.
Interim dividends - When a company distributes profits to shareholders at stages during the financial year.
Interim report - The requirement for each stock exchange quoted company to release interim reports periodically during their financial year.
Initial Placement Offer (IPO) - The offering of a company's shares prior to its market debut.
LIFFE - London International Financial Futures Exchange.
Limit order - An instruction to either buy or sell at a level that is more favorable than the current price of the specified financial instrument. The possibility exists that the order will never be filled.
Limit up / limit down - When an exchange enforces a temporary price ceiling or floor, suspends, restricts or closes the stock index for a set period of time in order to maintain a fair and orderly market and reduce the risk of large and sudden price movements.
Liquid market - A market with sufficient volume so as to avoid wide bid/offer spreads and volatile price movements.
LME - London Metal Exchange.
Long position/go long - Holding or opening a "buy" position in anticipation of the underlying market rising. See "buy."
Lot - The minimum amount that can be traded in the underlying futures or options exchange. Commonly referred to as the "lot size" or "contract size."
Margin call - When variation margin is immediately due and payable by you in order to return your account position to a positive figure.
Market capitalization - Calculated by multiplying the number of shares issued in respect of the company by the current share price.
Market maker - Exchange registered companies that quote a two-way spread in relation to securities.
Market order - An order to buy or sell at the current bid or offer price.
Market quote - Commonly used to describe market orders that are based on the price of the underlying market actually trading at the market level as opposed to the level of the GFC Global Financial Contracts quote. Also commonly stated as being left "basis screen" or simply "basis market."
Merger - When two companies combine in order to form one entity in all respects.
Net change - The difference between the closing price of an instrument on the day's trading and the previous day's closing price. Net change can be positive or negative, and is quoted in terms of currency.
Normal Market Size - As defined by the London Stock Exchange, the percentage of an individual company's stock for which a market maker is obliged to provide a quote. NMS is normally 2.5 percent of the total volume of shares for the company in question and market makers are not obliged to provide a quote for any transaction of a size in excess of the NMS.
NYCE - New York Cotton Exchange.
NYFE - New York Futures Exchange.
NYMEX - New York Mercantile Exchange.
Noise - Normal everyday market movement, up and down without really going anywhere. The ebb and flow of everyday market movement.
Premium - When a derivative is trading above the current market price it is said to be trading at a premium. A futures market that is trading above the level of the spot market is said to be trading at a premium.
Profits warning - Normally an unexpected announcement of negative news in relation to a company's performance.
Put option - The right, but not the obligation, to sell at a fixed price on or before a predetermined date.
Resistance - A price point or points that the financial instrument is expected to have difficulty rising above. Used in technical analysis.
Rights issue - When a company invites existing shareholders to buy additional shares prior to their public offering. The invitation is normally in proportion to the existing shareholding and usually at a discounted price.
Rollover - Transferring a trade that is near expiry into the next contract period.
Sell - To place an opening trade at the bid price of a spread in anticipation of the underlying market falling, commonly referred to as a "down trade," "taking a short position," or "going short." You can also sell at the bid price to close an existing long position.
Settlement Price - See "expiry price."
SETS (Stock Exchange Electronic Trading System) - The electronic order driven trading system employed to deal in the FTSE 100, ex FTSE 100 and reserve UK equities.
SFE - Sydney Futures Exchange.
SGX - Singapore Exchange.
Shares - See "equity."
Short / go short - Holding or opening a "sell" position in anticipation of the underlying market falling. See "sell."
Slippage - The price difference between where an order is placed, and where it is actually filled. Can occur in extremely volatile markets.
Valuation price - The price used for the revaluation of open positions.
Variation Margin Credit Allocation - A risk allocation figure granted to credit account holders. This is not a limit to potential losses, and can be withdrawn at the sole discretion of GFC Global Financial Contracts.
Variation margin - The amount of money that is immediately due from you in the event that when holding open positions, your overall account position is a negative figure. The amount of variation margin due is equal to the amount of the negative figure combined with 25 percent of the total IM of your open positions at that time. Please refer to the GFC Global Financial Contracts Customer Agreement for a comprehensive explanation.
Volatility - A measure of the amount by which the price of an instrument is expected to fluctuate over a given period.
Los CFDs son un producto apalancado y por tanto pueden no resultar adecuados para todos los inversionistas. Los CFDs conllevan un alto grado de riesgo para su capital y es posible perder más que su inversión o asignación de crédito iniciales, así como cualquier margen de variación que se requiera que usted deposite de tiempo en tiempo. Usted deberá especular solamente con fondos que pueda darse el lujo de perder. Por favor asegúrese de entender cabalmente los riesgos asociados y busque asesoría independiente en caso necesario y antes de realizar este tipo de transacciones.