Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Web Trader MT5
E
E-mini
A smaller version of a futures contract, traded on an electronic exchange.
E-trading Desk
An electronic trading desk. Where the algorithms live. Where most institutional execution actually happens these days, even though the headlines still go to the voice traders shouting on TV. The function spans equities (almost fully electronic), FX (mostly), futures (entirely), and increasingly fixed income (slowly, painfully, with bonds dragging their feet). The setup is the same everywhere: quants who design the algos, execution traders who babysit them, and engineers who keep the pipes running. The economic logic is unsentimental, basis points compound. Example: A pension fund’s e-trading desk handling a €500 million European equity order doesn’t dump it in one go. It slices the order into thousands of children, routes them across lit venues, dark pools, and systematic internalisers using algorithms like VWAP or implementation shortfall, and measures the whole thing against benchmarks at end of day. The benchmark almost always beats the alternative of “send it to a broker and hope.”
Early exercise
The practice of exercising an option before its expiration date.
Earnings call
A conference held by companies to address their earnings report results, attended by analysts, investors and the media.
Earnings per Share (EPS)
A profitability ratio calculated by dividing a company’s net income by its outstanding shares. It reveals the profit attributed to each stock share, with higher EPS making the stock more appealing to investors.
Earnings Recession
Two or more consecutive quarters of year-on-year decline in aggregate corporate earnings. The structure mimics a GDP recession but applies to profits, not output. The two don’t always coincide. The 2015–16 episode is the textbook case where they didn’t: US GDP kept growing, but earnings fell for five straight quarters as oil collapsed and a strong dollar punished multinationals translating foreign earnings back into USD. Earnings recessions matter because equity markets care about earnings more than GDP. A profits drag can compress multiples even while the broader economy chugs along. Example: S&P 500 earnings declined year-on-year for three quarters from late 2022 into early 2023. The economy didn’t enter recession. Equity indices wobbled and recovered. By the time anyone wrote the postmortem, the drag was already fading.
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