FX Glossary(O)

O

OCO

The order wherein when two orders was made at a time, once whichever was established, the order at that point will be automatically canceled. For example, when you are holding a buying position of the currency pair 「US$/yen」 in 105 yen, and its settlement "selling limit order of 108.00 yen (of determined profit)" as settlement order and in case you want to put out both [stop order (loss limit)] of "102.00 yen, this OCO can be useful.

OCO Order

OCO stands for One side done then Cancel the Other order, putting out two orders at the same time without priority in the order of things. If either of the two has been agreed, the remaining one will be automatically canceled. For example, currently, if we have a dollar-buying position in $ 1 = 115 yen, although we expect that dollar is going to rise a little more, suppose you would like to go into a reverse, you may think of settling the position once. In that case, if you had gone to ¥ 117 which is a determined profit (the limit order), or in reverse, if it turned out to be 114 yen, to do stop loss (stop order, stop loss order), this two order is the OCO order, where you can put out once depending on how you use it.

Offer

In the buying and selling of currency, the one party is presenting the selling price and purchase price, if the other party thinks that the price is reasonable, depends upon the buying or selling (two-way price). The offer is the selling price of the side where the price is presented. With the same meaning to [ask], the side that has been presented will be the price that can be bought. The other party, the side that presents the price of the purchase price is called [bid]. [← → Bid] [= Ask]

Offshore

It said that the meaning of Offshore is a coast away from the land. The Offshore trading is the funds raised from non-residents is used to lend to the non-residents, as a general rule the trading that is being performed by the non-residents with fund raising and investments. As such, by dividing the country’s market, the market that only performs the trading with foreigners is called offshore market.

Oil Money

The Middle Eastern countries earned by the export of oil. When the developed countries invest to the stock market, this is called the inflow of oil money. There is a significant impact on supply and demand trend has been noticeable.

One Volume

Refers to the $1,000,000, that becomes the smallest unit in the case of transaction between the dealer and the Interbank market.

OPEC

OPEC (Organization of the Petroleum Exporting Countries). The organization of Oil producing countries which was established in September 14, 1960, that protects the profit of oil-producing countries. There are currently 12 member States. The Headquarter is located in Vienna, Austria

OPEC General Meeting

The OPEC general meeting is being held regularly four times a year (in March, June, September and December). It is also being held in extraordinary cases if necessary. The main agenda of the OPEC general meeting is about what to do with the crude oil production volume frame of the OPEC member countries, except for Iraq. In other words, to discuss whether the OPEC member countries are to increase the crude oil production, maintain the status quo or whether to cut production.

Opening Price

The rate at the time of the business day start. It is also called “Opening quotation”. [← → Closing Quotations] [= Market Open]

Option Trading

The option, it refers to the right to buy and sell certain products, which is a certain price within a certain trading period, to the right is a "call option (right buy)," "put option (sell right)" I have. Is performed buying and selling for each of the right, I will This is called option trading. If predict the price of a commodity rises buying "call option", or to become a selling of "put options", if forecast the price to reverse decline of "call option" Sell, or "put option I will perform the buying. "

Order

It is the order. In the order, there is the market order (price order), limit order/ stop order (limit order). The price order, is the desire to buy in the rate that is being issued now (ask /offer, bid), this happens in case of wanting to sell. On the other hand, the limit order is wanting to buy by specifying their own rate, this happens when you want to sell.

Oscillator System and Trend System

There is a method of oscillator system and method of trend system in the technical analysis. Although there a variety of ways of oscillator system, but what is commonly used the measurement of the "overbought" "oversold", it is the point of sign that is being used to measure the anticipation for the purpose of reverse tension. Although there are various things such as RSI, psychological line, stochastic, these indicators to drawn in the graph that swing up and down is common. On the other hand, the trend system measures the rate of direction of the present market, and used to forward the tension in that direction. There are various moving average lines, such as DMI.

OTC Transaction (Relative transaction)

In the Foreign Exchange Market, the transaction does not take place in a “specific place” like in the “stock market”. The OTC takes place without the intervention of the trading place, parties such as the financial institutions, the mechanism, concerned member that will become the seller and the buyer, negotiating with relative (one-to-one), the price, quantity, that of trading method for determining the buying and selling content, such as the settlement method.

Outright

Performing the Spot exchange and Forward exchange by separate item.

Overnight Trading

To carry over the trading over until the next day without doing the settlement on that day. On the other hand, the trading without carrying over the position until the next day is called day trading. [← → Intra-day Trading]

Over Shoot

The excessive fluctuation of the market.