A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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).
Offer - The price at which a dealer is willing to sell. The Offer is also called the Ask or Ask Price.
Offered market - Temporary situation where offers exceed bid.
Order(s) - Clients directions either via telephone, fax or email to your Axiom FX associate, to enter into a specific foreign exchange contract with Axiom by buying or selling a specified currency pair now or at a time when the price meets the clients specific requirements.
Overnight - A deal from today until the next business day.