Useful Terminology
The DODAQ trading platform uses a variety of trading terminology. To clarify these we have provided some explanations.
- Bid
- The price at which a participant is willing to pay.
- Ask
- The price at which a participant is willing to sell.
- Offer
- The price at which a participant is willing to sell.
- LTP
- Last Traded Price.
- P/L
- Profit or Loss.
- Market Price
- The best price (highest/lowest) at which participants are willing to bid/offer.
- Market Value
- The market value of a diamond is the best bid (highest) for that individual price category, e.g. If you wanted to sell all your portfolio the market value represents the real-time return you would receive. Please consider: if there are no bids in a particular category in which you own diamonds, the market value will = 0.
- Implied Market Value
- This value is more realistic to use for portfolio valuation. If a diamond in your portfolio has no market value (because there is no bid), then the implied market value considers the LTP in that category.
- Change
- The difference between the current price and that of the price at 1 second after midnight central European time.
- B.A.
- Buy off the Ask. This is a unique DODAQ function enabling a participant to view the diamonds being offered on the Ask and buying them directly.
- Specific Buy Order
- A buy order within the weight range of a particular individual category, i.e. rather than bidding for a diamond in the full weight range, e.g. 0.5-0.59, this order enables you to bid only for a diamond at your precise weight or weight range, e.g. 0.52, or 0.51 to 0.54. Be aware that this type of order works differently from a category buy order and may be cancelled if there are no category buy orders on the market.
- Filled (F)
- When your order has been fully executed.
- Partially Filled (P)
- When your order has been partially executed. e.g. you were bidding for 10 diamonds and you have only been filled (or matched) on 5 diamonds.
- Nothing Filled (N)
- When no part of your order has been executed.
- Active Order
- An order which has been placed on the market.
- Open Order
- An order which is active on the market.
- Inactive Order
- An order which has been taken off (pulled) the market but has not been cancelled.
- Order Book
- Where all orders are held for a particular market.
- Market Depth
- Shows more detailed information regarding the orders within a market.