FX Glossary(N)



NASDAQ (National Association of Securities Dealers Automated Quotations) is a stock market that has been established in New York under the auspices of the National Association of Securities Dealers (NASD) in 1971, it’s feature is that it has a number of listing stocks of many high-tech companies and Internet-related companies. All of the approximately 5,500 stocks that are traded on the NASDAQ is calculated in the market capitalization weighted average index in the "Nasdaq Composite Index", it has been calculating in the price of 100 per share as of February 5, 1971 as the reference value.

Negative Spread

The state of price fluctuation of investment where in the sales price or the current price is cheaper than the purchase price.

Negotiated Transaction

In the foreign exchange market, as the stock market trading in "specific location" does not take place. Without going through the so-called exchange, parties such as financial institutions, become the seller and the buyer, negotiating with relative (one-to-one), price, quantity, that of trading method for determining the buying and selling content, such as settlement method, and negotiated transaction I called.【=OTC

Net Settlement

It refers to the opposite of trade that depends upon the give and receive margin without using the delivery of the commodity.


The balance after subtracting the receivables and payables in foreign exchange trading and finally the procedure to settle that net.


No seller is called no offer, no buyer is called no-bid.

Nominal Interest Rate

Interest rates on the surface that does not taken into account the inflation rate, etc [→ Real Interest Rate]

Nothing Done

It refers to the rejection of the transaction.