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Glossary: U

These are common terms used in the financial services industry

Underlying

A term used in derivatives trading, such as with CFDs . A derivative is a financial instrument whose price is based (derived) from a different asset. The underlying is the financial instrument (e.g., stock, futures, commodity, currency, index) on which a derivative's price is based.

Unemployment claims

This statistic represents the number of individuals who filed for unemployment insurance for the first time during the past week. This is the US’s earliest jobs-related economic data release.

Uptick

A price quoted that is higher than the previous quote.
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