Trading Basics
Daily Bets
Spread bets that close at the end of the trading day. These used to expire but now they get rolled, with a financing charge, by default into the next trading day.
Other Trading Basics
ASX 200
A term used for the index of the top 200 shares on the Australian Securities Exchange, also AUS 200.
Asset Classes
Types of asset that have similar characteristics.
There are four broad classes: Equities, Foreign Exchange, Debt and Commodities.
ABS
Asset-backed securities.
These are securities backed by assets, like mortgages, which are claimable if the creditor defaults.
