Tomorrow Next (Tom next)
Simultaneous buying and selling of a currency for delivery the following day and selling for the next day or vice versa.
Top Online Forex Brokers ...
Tom Next - Tommorrow next, is an fx deal which matures one day prior to a regular spot deal, thus maturity is the next business day.
Two-Way Price - A quotation with both the bid and offer price.
Tom next
Means to "tomorrow next.". In the interbank market in Eurodollar deposits and the foreign exchange market, the value (delivery) date on a tom next transaction is the next business day.
Also used as tom next. The process of not taking delivery of a currency by closing the position and reopening it with the current trade date so the settlement date is pushed forward to the next trade date (tomorrow).
Tomorrow next (Tom next) The date on which a trade occurs.
Trade date Increase in the exchange rate of a currency as a result of official action.
Uncovered Another term for an open position.
Tomorrow next ( Tom next):
Simultaneous buying of a currency for delivery the following day and selling for the spot day or vice versa.
Trade date: ...
Tomorrow Next - Tom Next
In currency transactions, the purchase and sale of a currency made to avoid taking actual delivery of the currency.
Tom Next : See Tomorrow Next.
Tomorrow Next : Simultaneous buying of a currency for delivery the follow...
Tomorrow-next deal : (T/N) A foreign exchange deal that matures the next ...
Tonbo : See Tonbo (dragonfly).
This is also known as a "tomorrow next" transaction, or simply a "tom next".
Intra-day trades are not included in the interest calculation for those brokers who use rollovers in this manner.
 See also: Currency, Trading, Order, Action, Market
  
|
RSS
