Forex

American-style option An option contract that may be exercised at any time before it expires.

Ask The quoted price at which a customer can buy a currency pair. Also referred to as the 'offer', 'ask price', or 'ask rate'.

Base Currency For foreign exchange trading, currencies are quoted in terms of a currency pair. The first currency in the pair is the base currency. For example, in a USD/JPY currency pair, the US dollar is the base currency. Also may be referred to as the primary currency.

Bid The quoted price where a customer can sell a currency pair. Also known as the 'bid price' or 'bid rate'.

Bid/Ask Spread The point difference between the bid and ask (offer) price.

Call A call option gives the option buyer the right to purchase a particular currency pair at a stated exchange rate.

London Stock Exchange

Becoming a member

Membership of the London Stock Exchange gives you access to:

Liquidity – Gain direct access to Europe's deepest pool of liquidity with trading in UK equities, International Depositary Receipts, Exchange Traded Funds and Commodities, Covered Warrants and Investment Trusts.

Technology – Use one of the fastest and most efficient centralised trading venues in the world. Powered by our trading system, TradElect, and information system, Infolect, you can trade with absolute confidence, with our unrivalled track record in reliability, neutrality and independence.

London Stock Exchange

1 October 2009
01/10/2009 The London Stock Exchange welcomes Virgin Media to the Main Market

The London Stock Exchange welcomes Virgin Media to the Main Market

Virgin Media, one of the UK’s largest entertainment and communications companies, today announced it has joined the London Stock Exchange’s Main Market with a Secondary Listing of shares.

With almost 10 million customers, Virgin Media is the UK's first quad-play provider of broadband, TV, phone and mobile. The company is one of the largest residential broadband providers in the UK, using a unique fibre optic cable network to deliver next generation ultrafast internet access of up to 50Mb. It is the second largest provider of pay TV and operates the most popular virtual mobile network in the country.

Xavier Rolet, Chief Executive Officer of the London Stock Exchange, said: “We’re delighted to welcome Virgin Media to the market. This listing gives investors an opportunity easily to invest in one of the leading entertainment and communications companies, and one of the most well-known brands, in the UK.”

Virgin Media’s Chief Executive Officer, Neil Berkett, added: “Today's listing represents an important step in broadening investor access to Virgin Media shares. Our London listing will provide investors with an additional means of trading the shares, and will further enhance the profile of our business in the UK and Europe.”

Goldman Sachs International is the company’s financial adviser in connection with the admission.