Glossary: W

These are common terms used in the financial services industry

Wall Street

An alternative, well-known term for the New York Stock Exchange (NYSE), the largest stock exchange in the US.

Warrants

Financial instruments traded on ASX. Issued by a third party and split into products with investment purposes and those for trading purposes; warrants may be issued over securities (such as shares), a basket of securities, a share price index, currencies or commodities.

Working an order

The process of having an order working that has not yet been executed. Also known as a pending order.

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