Glossary

Industrial production

– A measure of the total value of industry within a nation, including utilities, manufacturing and mining. Industrial production is regarded as a reliable indicator of employment and individual income.

Inflation

– The economic effect whereby prices for goods and services rise measured as an annual percentage increase.

Initial margin

– The deposit required to open a new position used as collateral on the performance of the position.

Interbank rates

– The top-tier foreign exchange rates at which banks and large financial institutions may trade at. Interbank rates are lower than the rates for individual traders.

International Standards Organization (ISO)

– An international organization that sets standards for international markets and measurements that transcend national languages. All currencies have a three-letter ISO code called the ISO 4217 code.

Intervention

– An foreign exchange action taken by a central bank that attempts to adjust the value of its currency. A concerted intervention is multiple central banks working together to control the value of currency pairs.

Introducing broker

– A broker that works for a client but delegates the actual trading floor operations to another broker or merchant.