World Markets

Arbitrage is the process of exploiting differences in the price of an asset by simultaneously buying and selling it. In the process the arbitrageur pockets a risk-free return. Differences in prices
The Bovespa Index tracks around 50 stocks traded on the São Paulo Stock, Mercantile & Futures Exchange. The term Bovespa is derived from BOlsa de Valores do Estado de São Paulo, the Portugese name for
The CAC 40 Index is the benchmark tracking index for the Paris Bourse.
A Canada Learning Bond offers money to Canadian families to help them start saving for college.
A Canadian rollover mortgage is an adjustable-rate mortgage.
Capital flight is the movement of capital from one country to another, or sometimes from one investment sector to another, to capitalize on returns or mitigate risk.
The DAX Index is the most commonly cited benchmark for measuring the returns posted by stocks on the Frankfurt Stock Exchange.
Dual listing (also known as interlisting or cross-listing) is the listing of any security on two or more different exchanges.
An embargo is a government-instituted prevention of exports to a certain country. In the media world, an embargo is the release of information with the condition that it cannot be published or
An emerging market economy describes a nation's economy that is progressing toward becoming more advanced, usually by means of rapid growth and industrialization. These countries experience an expanding
Euro Interbank Offered Rate (EURIBOR), is the rate at which European banks offer to lend unsecured funds to each other in the euro market.
A eurobank is a financial institution that makes loans and accepts deposits in foreign currencies -- simplifying international trade, transactions and investing.
A eurodollar is U.S. currency held in banks outside the U.S. (typically in Europe). Eurodollars are not the same thing as euros, the currency of the European Union.
Europe, Australasia, Far East (or EAFE) refers to the economically developed regions of the world outside the United States and Canada.
The Financial Times 100 Index, or FTSE, is the most widely used benchmark for the performance of equities traded on the London Stock Exchange.
Footise is slang for the Financial Times 100 Index, or FTSE, which is the most widely used benchmark for the performance of equities traded on the London Stock Exchange. Started in January 1984 with an
Frontier market describes up-and-coming economies that tend to be smaller and less developed than emerging markets like China and India.
Gnomes of Zurich is a slang, and often derogatory, term referring to Swiss bankers.
In the investing world, the Halloween Massacre occurred in October 2006, when Canada began taxing all income trusts in the country.
The Hang Seng Index is the leading index for shares traded on the Hong Kong Stock Exchange. 
The Ifo Business Climate Survey is a monthly measure of German business activity.
An international banking facility (IBF) is a segregated branch of a domestic bank or financial institution available to only foreign customers.
The phrase irrational exuberance was coined by Alan Greenspan, chairman of the Federal Reserve, in a December 5, 1996, speech to the American Enterprise Institute. In the speech, Greenspan asked, “How do
Japanese Housewives, also called Mrs. Watanabe, is a slang term for small, retail investors in Japan.
Jurisdiction risk is the risk of doing business in another country.
Kangaroos are slang for Australian stocks.
The Korea Exchange (KRX) is the only securities exchange in South Korea. The KRX is headquartered in the city of Busan.
The Korean Composite Stock Price Index (KOSPI) is the main tracking index in South Korea.
The large value transfer system (LVTS) is a wire system in Canada that allows banks to transfer funds among each other.
Lead banks grease the skids for bringing securities to market. Issuers compensate them for this by paying a spread, which is the difference between what the issuer receives per share and what the
Macro risk is the risk that the political activity in a country will affect the operations of foreign companies that do business in that country.
Managed currency is the opposite of currency whose exchange rate is determined by the amount of supply and demand for the currency in the global marketplace. Most currencies, however, are managed by their
Market arbitrage is a trading strategy whereby a trader sells a security in one market and buys the same security in another market.
Mrs. Watanabe, also called Japanese Housewives, is a slang term for small, retail investors in Japan.
An ocean bill of lading is a receipt and invoice between a carrier and a shipper.
The Office of Foreign Assets Control is the entity within the U.S. Treasury Department that creates and enforces trade sanctions. The OFAC used to be called the Office of Foreign Funds Control.
In the banking world, Old Lady is a nickname for the Bank of England. The full nickname is "Old Lady of Threadneedle Street."
A pegged exchange rate, also known as a fixed exchange rate, is a type of exchange rate in which a currency's value is fixed against either the value of another country's currency or another measure of
A qualified domestic institutional investor (QDII) is an institution allowed to invest in foreign securities. 
A qualifying transaction occurs when a private company issues publicly traded stock in Canada.
Revaluation refers to the adjustment of the exchange rate of a country's currency.
A saitori is a member of the Tokyo Stock Exchange who matches buy and sell orders.
The Shanghai Composite Index tracks the biggest and most important public companies in China.
The SSE Composite Index tracks the largest and most important public companies in China. 
The Stock Exchange Daily Official List code is a unique identifier generated by the London Stock Exchange for securities issued in the U.K.
The Straits Times Index is Singapore's premier equity index and the most widely used benchmark for the performance of equities traded on the Singapore Stock Exchange.
The TED spread was originally calculated as the difference between interest rates on 3-month T-bills and 3-month Eurodollar contracts with identical expiration months. The acronym is derived from the word
Transaction risk is the risk that a company will incur losses in a transaction comprising multiple currencies due to exchange rate movements.
A traveler's check is a certified note issued by a bank that may be used by travelers as a risk-free substitute for paper currency.
Umberto Agnelli was a well-known chairman of Italian automaker Fiat -- the famous maker of the Fiat and the Ferrari.
In a brokerage firm, a wire room receives customer orders from brokers, sends the orders to the exchanges, and sends back notices of execution.  
The World Bank is an international financial institution dedicated to reducing poverty around the world through capital investment and the facilitation of trade.
Xetra is a trading system owned by the Deutsche Borse (German stock exchange).
The ZEW Economic Sentiment is a monthly survey of economic sentiment in Germany. (The acronym stands for Zentrum für Europäische Wirtschaftsforschung GmbH, or Centre for European Economic Research.)