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I have a number of defintions and questions about recent terminology I've encountered and wondered whether somebody(ies!) could possibly help me please?
I don't understand what 'onside' means here?
A bull and a bear execute market orders in the Bobl at precisely the same time. 30 seconds after they do so, the ECB announce a surprise rate cut of 50 basis points. In his situation, who's trade is now more likly to be 'ONSIDE' and why?
What does 'LIFT' in trading terms and also 'SCRATCH'.
Also what is 'BOOK SQUARING' and also 'ROUND-TURN'.
Lastly what is the effect on the Euro if the ECB raise interest rates?
Any help would be grately appreciated even if it is just answering one of the questions!
Thank you very much!
Neil
I don't understand what 'onside' means here?
A bull and a bear execute market orders in the Bobl at precisely the same time. 30 seconds after they do so, the ECB announce a surprise rate cut of 50 basis points. In his situation, who's trade is now more likly to be 'ONSIDE' and why?
What does 'LIFT' in trading terms and also 'SCRATCH'.
Also what is 'BOOK SQUARING' and also 'ROUND-TURN'.
Lastly what is the effect on the Euro if the ECB raise interest rates?
Any help would be grately appreciated even if it is just answering one of the questions!
Thank you very much!
Neil