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Paid and Given Rates

English translation: traded prices, hitting bids or lifting offers

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08:15 Feb 16, 2005
English to English translations [PRO]
Bus/Financial - Finance (general) / FX
English term or phrase: Paid and Given Rates
EBS Rates include EBS FX (indicative rates derived from EBS Spot prices), Paid and Given Rates, and access to EBS Absolute and Market Highs and Lows . Data integrates seamlessly with Bloomberg charts and analytics, and can be used for back office trade verification and risk management.

What is 'Paid and Given Rates'? Does given rate refer to Asked Price, buying price or calculating price?
Edward LIU
Local time: 15:59
English translation:traded prices, hitting bids or lifting offers
Explanation:
This is specific FX market 'lingo'. A 'paid' price means that the offer was lifted, whereas a 'given' price means that a bid was hit. From a trader's point of view, there's a difference in interpreting price information, depending on whether the bid side was hit, or the offer was taken.

HTH, Ralf
Selected response from:

Ralf Lemster
Germany
Local time: 21:59
Grading comment
Thank you very much, Ralf.
4 KudoZ points were awarded for this answer

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Summary of answers provided
5traded prices, hitting bids or lifting offers
Ralf Lemster


  

Answers


49 mins   confidence: Answerer confidence 5/5
paid and given rates
traded prices, hitting bids or lifting offers


Explanation:
This is specific FX market 'lingo'. A 'paid' price means that the offer was lifted, whereas a 'given' price means that a bid was hit. From a trader's point of view, there's a difference in interpreting price information, depending on whether the bid side was hit, or the offer was taken.

HTH, Ralf

Ralf Lemster
Germany
Local time: 21:59
Specializes in field
Native speaker of: German
PRO pts in category: 143
Grading comment
Thank you very much, Ralf.
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