Occurring within the same day. It is a term used, for example, for a stock market transaction that is reversed on the same day, allowing for the principal not to be paid and only the marginal profit or loss to be retained without the need for available capital. It is common in the operation of derivative instruments. It is also used, for example, in a chart showing the minute-by-minute evolution of a currency’s quotation, instead of the closing or mid-day exchange rate.
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