A term worth knowing
Adding and taking liquidity
The distinction between an order that waits in the order book and an order that executes against liquidity already available in it.
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A term worth knowing
Bid–ask spread
The difference between the quoted buying and selling prices at the same time.
A term worth knowing
Contract for difference
A contract based on the difference in the price of an underlying asset, without itself conferring ownership of that asset.
A term worth knowing
Custody
An arrangement for holding assets and managing access to them on a client’s behalf; in crypto, it is important to establish who controls the keys.
A term worth knowing
Drawdown and loss limit
A decline from a previous peak to a subsequent trough over a defined measurement period.
A term worth knowing
Funded trading evaluation
A program that assesses compliance with trading rules as a condition for progressing to a subsequent stage, sometimes conducted entirely or partly through simulated trading.
A term worth knowing
Futures contract
An exchange-traded contract with standardised specifications defining the underlying asset, quantity and date.
A term worth knowing
Legal entity
The company or organisation identified by its legal name, as distinct from the brand name shown in the interface.
A term worth knowing
Leverage
Financial exposure exceeding the capital provided to support the position.
A term worth knowing
Limit order
An order to buy at a maximum price or sell at a minimum price, with the possibility of execution at a better price.
A term worth knowing
Margin
Money or assets required to support obligations arising from a position, under the rules of the product and account.
A term worth knowing
Market order
An order requesting execution at the available market price, without setting a price limit as a limit order does.