Category: glossary , Asked by: J. Barlow from Halifax, Canada
A: "level 1 " is A trading service consisting of real-time bid/ask quotes for securities trading on the Nasdaq stock market and comparable information for securities quoted in the OTC Bulletin Board Service. Basically, this just consists of real-time quotes. Also known as Level I. Visit MoneyForex
Category: glossary by Kiley J. From Hamburg, Germany
In general terms, the base currency is the currency in which an investor or issuer maintains its book of accounts. In the FX markets, the US Dollar is normally considered the 'base' currency for quotes, meaning that quotes are expressed as an unit of $1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British Pound, the Euro and the Australian Dollar.
Category: glossary by I. J. From Stockport, United Kingdom
a "treasury sTRIPS " is An acronym for'separate trading of registered interest and principal securities'. Treasury STRIPS are fixed-income securities sold at a significant discount to face value and offer no interest payments because they mature at par. Backed by the U.S. Government, STRIPS, which were first introduced in 1985, offer minimal risk and some tax benefits in certain states, replacing TIGRs and CATS as the dominant zero-coupon U.S. Security. Although you receive no tangible income, you typically still have to pay federal income tax on the bond's accretion for the year.
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