Glossary of Terms

  • Last trade price

    The most recent price at which a specific security was traded.
  • Level 2 prices

    Level 2 is professional information that brokers and city traders use. It shows the inner workings of the stock market by revealing market maker order books, and allows you to view live prices without the need to refresh the screen.
  • Leverage

    In finance, leverage is a general term for any technique to multiply gains and losses.
  • LIBOR Rate

    The London Interbank Offered Rate is the rate banks charge each other for short-term loans.
  • Limit order

    A limit order is an order to buy or sell a specified amount of a financial instrument at a specified price or better, which is better than the prevailing market price.
  • Liquidity

    Liquidity is the ability to buy and sell easily, without causing a significant movement in the price.
  • Listed company

    A company whose securities have been admitted to the UKLA's Official List and admitted to trading on the London Stock Exchange.
  • Live Price

    The up-to-date price.
  • London Stock Exchange (LSE)

    The London Stock Exchange at the heart of the global financial market and home to some of the largest, most successful and dynamic companies in the world. From conducting its business in the coffee houses of 17th century London, the exchange has built on a long history of integrity, expertise and market knowledge to become the world's most international stock exchange with around 3,000 companies from over 70 countries admitted to trading on its markets

  • Long

    A long position denotes an investor has purchased an underlying instrument with the expectation that its price will rise.
  • Low

    The lowest price a security reached in a certain period of time.