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.
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A tomorrow next trade is a foreign exchange trading strategy that is arranged to render the actual delivery of a currency unnecessary. This is accomplished by a careful arrangement of the closing and opening positions associated with the investment.
Tomorrow Next - Tom Next
In currency transactions, the purchase and sale of a currency made to avoid taking actual delivery of the currency.
Tomorrow Next (Tom/Next) - When a trade buys and sells a currency today for delivery tomorrow.
Trade Date - The date on which a trade occurs.
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
The date on which a trade occurs.
Tomorrow Next
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.
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.
T-N : See Tomorrow Next.
T-N Roll : See Tomorrow Next.
Take Profit Order : A customer´s instructions to buy or sell a curr...
Tan Book : An economic report prepared by the Federal Reserve for FOMC me...
This is referred to as tomorrow next because it takes two to three business days for foreign currency to be delivered, and by exchanging the currency for value in stocks on the same business day, ...
Rollover - An overnight swap, specifically the next business day against the following business day (also called Tomorrow Next, abbreviated to Tom-Next).
Round trip - Buying and selling of a specified amount of currency.
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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: Trading, Exchange, Currency, Market, Delivery
  
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