Japanese My Risk
- My 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 it takes some more time to decide, the player who is asking price needs to say 'My risk' in order to make the quotation invalid any more. If he wants the price quotation effectively once again, he needs to ask the fresh one . In case that the price quoter becomes impatient against so long time, the quoter could say 'Your risk' and he would be set free from any obligation.
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|