Forex Glossary

Traders, especially beginners, may not know or understand some Forex terms, so we provide our users with a list of specialized terms with their definitions.

En TermEn Description

European Central Bank which carries out EU is monetary policy.


is an American mass media corporation which provides a range of informational services from world finance platforms.


is a National Institute of Economic and Social Research founded in 1938 in Great Britain. It offers statistical data on national and international economy.

S&P 500

is stock index of Standard & Poor’s rating agency which is comprised of 500 top publicly traded companies of the USA which securities can be found on the largest U.S. stock markets. It is a market-value-weighted index and one of the main indicators of the American economic climate.

MSCI Asia Pacific

is Morgan Stanley capitalization composite index which unites 15 countries of Asia-Pacific region. Index with the reading of 100 notched at the end of December, 1987 is considered to be standard.

Nikkei 225 Stock Average

is Japanese stock market index which represents an average of the most widely quoted Japanese equities of 225 companies of the first section of Tokyo stock exchange.

TSE (Tokyo Stock Exchange)

consists of more than 2,500 Japanese and foreign largest companies that are members of this stock exchange. It takes the second place in the world by capitalization after New York exchange.

MICEX (Moscow Interbank Currency Exchange)

is a Russian stock exchange where papers of more than 700 issues with the total capitalization of 10 trillion rubles are trading.

Continuous Linked Settlement (CLS)

is a global multi-currency payment system founded in 1997 by the largest brokerage Forex companies for cash remittances on currency deals.

North American Free Trade Agreement

is the world’s largest free trade area which includes the USA, Mexico, and Canada. The area’s population makes up 406 million people while the total GDP is $10.3 trillion.

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