Glossary of Terms

  • Fill or Kill Order

    An order which must be executed immediately at a specified price or better. If this order cannot be dealt in the market your order will be cancelled.
  • Final Dividend

    The dividend paid by a company at the end of the financial year.
  • Financial Instrument

    Financial assets such as stocks, bonds shares or currencies.
  • Financial Services Commission (FSC)

    The regulator of the Gibraltar financial services industry.
  • Financial year

    The year for which corporate tax rates apply.
  • Firm quote

    A quote whose price is guaranteed. That is, market participants are obliged to deal at the displayed prices or volumes, when their quotes are firm. Firm quotes are displayed during the mandatory quote period.
  • Flotation

    The process by which a company lists on the market for the first time. Also referred to as an Initial Public Offering (IPO).
  • Forex

    An over-the-counter market where traders conduct foreign exchange transactions. Forex is also known as the foreign exchange market.
  • FTSE 100

    An index of the share prices of the UK's 100 largest companies by market capitalisation.
  • FTSE 250

    The FTSE 250 is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange (the next 250 companies below the FTSE 100)
  • Full List

    This is the main market of the London Stock Exchange, where you find the likes of BP, GlaxoSmithKline and Rio Tinto. Also known as the Official List.
  • Funds

    A fund is a collective investment scheme where money is pooled, which is invested in a portfolio of securities with a common investment purpose.
  • Futures

    A financial contract obligating the buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a financial instrument, at a predetermined future date and price. Futures contracts are standardised to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash.
    Futures can be used either to hedge or to speculate on the price movement of the underlying asset.