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Century is regulated by the Securities and Commodities Authority. CFDs are leveraged products that incur a high level of risk. Know more

Financial Glossary

NASDAQ

The NASDAQ is the second largest stock exchange in the US and traditionally lists many technology companies, such as Microsoft. The movements of the NASDAQ can have a significant effect on UK markets, particularly the techMARK index of technology, media and telephony companies.

New issue

A company that is floated on the stock market for the first time. Offering shares to the investing public is a way of raising capital for further expansion. Also known as Initial Public Offering (IPO).

New York Stock Exchange (NYSE)

The largest and oldest stock exchange in the US.

Nikkei 225

A price-weighted index of the top 225 shares listed on the Tokyo stock exchange.

Non-dealing desk (NDD)

An execution model that allows you to trade directly with numerous market liquidity providers in order to get the most competitive bid and ask prices.

Non-farm payrolls

A notable economic indicator normally released on the first Friday of every month by the US Department of Labor. It presents the number of people on the payrolls of all businesses, with the exception of agricultural, local government, private household and non-for-profit. The monthly figure can change significantly, and often leads to a high level of volatility in FX pairs such as EUR/USD, around the time of the release. Generally, a high reading is seen as positive (or bullish) for the US dolla

Notional Value

Is a term often used to value the underlying asset in a derivatives trade.

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Ready to Invest?

Explore a new trading experience with
Century Trader App

Losses can exceed your deposits