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OCO Order
One Cancel the Other Order

A One Cancels the Order is a Stop and Limit orders set simultaneously, whereby once either one is executed, the other is canceled. For example, an OCO may be place to close an existing position either with a Limit (take profit), or with a protective Stop (stop loss).

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Net Interest Rate Differential

The difference in interest rates from the countries of two different currencies. For example, if the spot next rate for the Euro is 3.25% and the spot/next rate in the US is 1.75%, the interest differential is 1.50% (3.25% - 1.75% = 1.50%).

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The smallest measure of movement for a foreign exchange rate.

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The smallest measure of movement for a foreign exchange rate.

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Forex Economics

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