ECN

Trading Basics

ECN

Electronic Communication Network, which amalgamates liquidity for the trader.

Other Trading Basics

Annuity

A guaranteed income for the rest of someones life.

Historically purchased with pension lump sums.

The buyer is swaping cash now for future income.

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Basis Point

A basis point is 0.01% and is typically used when quoting interest rate changes.

A move of 0.25% is described as 25 basis points.

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