Market terms Glossary

Simple definitions to international markets trading terminology.


Writer

The seller of a position. Also known as the grantor of the trade. "Writing a Currency" is to sell it.

World Bank

A bank made up of members of the IMF whose aim is to assist in the development of member states by making loans where private capital is not available.

Working day

A day on which the banks in a currency's principal financial centre are open for business. For FX transactions, a working day only occurs if the bank in both (all relevant currency centers in the case of a cross) are open.

Wholesale Price Index

It measures changes in prices in the manufacturing and distribution sector of the economy and tends to lead the consumer price index by 60 to 90 days. The index is often quoted separately for food and industrial products.

Wholesale Money

Money borrowed in large amounts from banks and institutions rather than from small investors.