Glossary

This glossary is available to download as a PDF

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26. Z

T

TechMARK

Launched November 1999. this market groups together technology companies from across the main market. It has its own indices, the FTSE techMARK 100 and FTSE techMARK Allshare.

Technical Analysis

A graphical analysis of historical price trends, used to predict likely future trends in the market. Also known as 'charts'.

Theoretical Value

The Fair value of a futures or option contract, (see Fair Value).

Time Value

The amount (if any), by which the premium of an option exceeds the intrinsic value.

Tom/next

A transaction for settlement on the next business day after tomorrow.

Touch

The best buying and selling prices available from a market makers on SEAQ and SEAQ International in a given security at any one time.

Traded Option

An option contract bought or sold on a regulated exchange.

Treasury Bill

Short-term security issued by the US Treasury.

Treasury Bond

Bond issued by the US Treasury - longer than 10 years.

Trillion

One thousand billion (12 zeroes).