Nov 12, 2017 22:45
6 yrs ago
French term
Accuracy & Attention to Detail
Native in: English 
Works in: French to English, Spanish to English, Italian to English, and 2 more.
spot trades inversés
French to English
Bus/Financial
Investment / Securities
This has to do with spot trades on the FOREX, however, I could not find this particular term. Are these "reverse spot trades"? (no hits for this one on the internet) Or is there a more appropriate term?
Context:
Ces opérations concernent aussi bien des « spot trades » que des ordres « GTC » qui n’ont pas été exécutés alors que le cours indiqué était pourtant atteint (page 22 du rapport).
D’autres erreurs concernent notamment :
- la confirmation de « spot trades » dont le montant inscrit en compte est différent de celui confirmé par la Banque par courriel,
- la confirmation de « spot trades » inversés, dont l’inscription en compte est inversée par rapport à l’instruction donnée par Madame XXXXXX,
Context:
Ces opérations concernent aussi bien des « spot trades » que des ordres « GTC » qui n’ont pas été exécutés alors que le cours indiqué était pourtant atteint (page 22 du rapport).
D’autres erreurs concernent notamment :
- la confirmation de « spot trades » dont le montant inscrit en compte est différent de celui confirmé par la Banque par courriel,
- la confirmation de « spot trades » inversés, dont l’inscription en compte est inversée par rapport à l’instruction donnée par Madame XXXXXX,
Proposed translations
(English)
| 4 +1 | spot trades posted back-to-front |
Steve Robbie
|
| 4 | (forex) spot trades posted in direct quotes |
Francois Boye
|
Proposed translations
+1
14 hrs
Steve Robbie
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Expertise, accuracy and style
Native in: English
Works in: German to English, French to English, Dutch to English
Related KudoZ points
:
4
Selected
spot trades posted back-to-front
As it goes on to explain, the trades were posted the opposite way round to the customer's instruction.
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Note added at 14 hrs (2017-11-13 13:26:14 GMT)
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So "inversés" is a description of the error, rather than the name of a type of trade. Presumably they posted buy orders when the customer instructed them to sell, or vice versa?
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Note added at 14 hrs (2017-11-13 13:26:14 GMT)
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So "inversés" is a description of the error, rather than the name of a type of trade. Presumably they posted buy orders when the customer instructed them to sell, or vice versa?
Note from asker:
| Yes it seems like they were in the reverse order... |
4 KudoZ points awarded for this answer.
17 hrs
Francois Boye
United States
United States
Native in French
United States
An economic geek with social skills
Native in: French
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
36
(forex) spot trades posted in direct quotes
The error in question must come from the fact that Madame XXXXXX thinks in terms of transactions quoted in her national currency as a base. In other terms, she only understands indirect quotes, whereas international FOREX markets use direct quotes.
https://www.investopedia.com/terms/d/directquote.asp
This interpretation squares with Steve R's translation in that the said lady submitted a indirect quote order to the front office. That order was processed by the back office using direct quotes.
The outcome, however, was a direct quote communicated by the front office to the said lady.
https://www.investopedia.com/terms/d/directquote.asp
This interpretation squares with Steve R's translation in that the said lady submitted a indirect quote order to the front office. That order was processed by the back office using direct quotes.
The outcome, however, was a direct quote communicated by the front office to the said lady.
Something went wrong...