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Currency

SONIA

SONIA, or the Sterling Overnight Index Average, is a key benchmark in the world of finance. It measures the overnight interest rate that banks pay for unsecured transactions in the British sterling market. This rate is crucial for understanding the cost of funding for trades that take place outside of normal business hours. Essentially, SONIA reflects the level of overnight activity in the marketplace, providing valuable insights for financial analysis and decision making.

Tool

In the world of finance, a currency pair refers to the comparison of two currencies in a foreign exchange market, while a contract for difference is an agreement between two...

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SWIFT (Society for Worldwide Interbank Financial Telecommunications)

A fundamental element of financial systems, a computer network serves as a crucial tool for transmitting instructions and payment statements. It enables the efficient transf...

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Quoting

As a financial professional, one of our main responsibilities is to present our clients with accurate and timely quotes to facilitate their transactions. This involves gathe...

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Non-trading Operation

In finance, there are four key types of operations that are essential to understand: deposits, withdrawals, repayments, and extensions of credit. Deposits refer to the act o...

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