Value Date
The date that payment is exchanged between two parties.
Variation Margin
A call by a broker to increase the
margin requirement of an account during a period of extreme market volatility.
Variance
Measures the volatility of a data set/data points from the mean. It is calculated by adding the squares of the standard deviations
from the mean and dividing by the number of data points, i.e. taking the average of the standard deviations.
Volatility
Refers to the tendency of prices/variables to fluctuate over time. It is most commonly measured using the coefficient of variation
(the standard deviation divided by the mean). The higher the volatility, the higher the risk involved.
Volume
The number of shares or contracts traded for a certain security or an exchange during a period.
W
Warrant
It is a right but not obligation to buy shares in a company at a future date and at a prearranged price. Warrants are
tradable options.
Whipsaw
Term used to describe sharp price movements and reversals in the market. A whipsaw would be if shortly after you bought a
stock the price plummeted.
Y
Yard
Term for a billion JPY.