Financy Glossary
The online dictionary of financial terms




The Nasdaq Stock Market is the second-largest exchange in the world by market capitalization, only NYSE is larger.

Nasdaq is the oldest electronic stock market in the world. At first, it was just a quotation system. Over time, it grew into a complete exchange for stocks and other securities. Nasdaq was the first stock market in the United States to offer online trading.

The normal trading session for Nasdaq is 09:30 am – 04:00 pm Eastern Standard Time (EST). There is also a pre-market session from 04:00 am to 09:30 and a post-market session from 04:00 pm to 08:00 pm.

NASDAQ is an acronym of National Association of Securities Dealers Automated Quotations. Nowadays, the exchange is stylized Nasdaq.


Near Money

Near Money are highly liquid non-cash assets that can be quickly converted into cash.

Examples of assets commonly considered near money are bonds, treasury bills, widely traded foreign currencies, and certificates of deposits and bank deposits that allow instant conversion to cash.


Near Month

The nearest delivery month of a futures or options market.


Negative Carry

When the financing cost of a financial position is larger than the return.


New York Mercantile Exchange

The New York Mercantile Exchange (NYMEX) is the world’s largest physical commodity futures exchange in terms of market capitalization.


New York Stock Exchange

The New York Stock Exchange (NYSE) is the world’s largest stock exchange in terms of market capitalization. It is an international exchange where both U.S. companies and non-U.S. companies are listed.

The trading session is 09:30 am – 04:00 pm Eastern Standard Time (EST).


Nikkei 225

Nikkei 225 is an price-weighted index of the average value (in yen) of the shares of 225 large Japanese stock companies traded on the Tokyo Stock Exchange.

The index has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since 1950 and is the most widely quoted average of Japanese equities. The components are reviewed once a year.



Stock price movements that cannot be explained by changes in the underlying economic or financial fundamentals.


Nostro Account

An account held by one bank in another bank, when the two banks are located in different countries.

Normally, a nostro account will be in the local currency of the country where the account is kept.

Example: An Italian bank holds a nostro account in a bank in Japan. The currency of the account is the Japanese yen.



On financial bulletin boards, NTR is short for Not Trading Related.