Used to describe any transaction that is not conducted via an exchange.

An Out-of-the-money Option is when, during trading, the option is worth less than was paid for it. For example, you predict that the price of an asset will rise, but it falls. Your forecast doesn’t come true and you lose money on the option. The option can fluctuate in and out of the money: i.e. be profit making (in-the-money) at one point and loss making (out-of-the-money) at another before the option expires.

An estimate of the number of payroll jobs at all nonfarm business establishments and government agencies. Information is also provided on the unemployment rate, average number of hours worked per week, and average hourly and weekly earnings. Nonfarm Payroll numbers are included in the monthly Employment Situation report.

Any instruction by a client on performing trading operations.