Micro-lot

Micro-lot

An order for 1000 units of a base currency, namely the currency being bought or sold.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: Currency exchange
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Product:
Acronym-Abbreviation:

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Related terms

micro-lot

Financial services; Currency exchange

An order for 1000 units of a base currency, namely the currency being bought or sold.

micro-lot

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choice market

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A rare scenario where the spread between the bid and ask prices is equivalent to zero, which implies that a currency can be bought or sold at the same price.

adjustable peg

Financial services; Currency exchange

An exchage rate policy where a country's national currency is fixed to a major currency like the U.S. dollar, but where the rate can be changed within a defined interval.