Kill is a request to close the trade between the placement of order and its execution.
Kill is a request to close the trade between the placement of order and its execution.
Cross currency couple is a couple that does not include USD and is traded in equity market. In this case currencies are traded against each other without the need to convert them into dollars.
Toxic asset is an asset that become illiquid as soon as it exists the secondary market as demand for them disappears. They are not traded commonly or at all as they are perceived as a sure way to lose money.
Secondary market is a market where traders sell assets they already own. A lot of people think of it as a stock market, but it is incorrect as stocks are also traded in the primary market. New York Stock Exchange and NASDAQ are the secondary markets.