Japanese Your Risk
- Your Risk
In the OTC market, a bank who is asking the price to another party has to decide to buy or sell without delay. Because of market fluctuation, the quotation price should not be held so long. In case that the player who quotes price becomes impatient against so long time, he could say eYour risk' to the counterparty and he would be set free from any obligation. If the player who is asking price wants the effective price quotation once again, he needs to ask the fresh one. In case that the player who is asking price takes some more time to decide to buy or sell, he need to say eMy risk' in order to make the quotation invalid any more.
Terms in Trading
Ask| Bid| Day order| Done| Either| Firm price| Given| GTC| Hit| If done| Join| Limit order| Line full| Mine| My Risk| Nothing done| OCO| OFF| Offer| Paid| Pay| Pips| Point| Single order| Stop loss orders| Take the offer| Taken| Your Risk| Yours|