Glossary: E

These are common terms used in the financial services industry

Economic driver


Economic indicator


Electronic Currency Network (ECN)

A virtual exchange for FX transactions.

Elliott wave theory



A stock or share representing an ownership interest.



Ex-dividend date




Execute and eliminate order


Execution-only stockbroker


Expiration date

The last date that a particular contract can be traded.

Expiration/ Expiry

Some spread betting or CFD markets have a fixed duration. For example futures contracts will expire at a pre-specified date and time in the future. At this point a futures contract is said to have expired and is awaiting settlement. Settlement is when the expired contract is closed at a level normally relating to the market at the time of expiry.



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