Value Date The date on which counterparts to a financial transaction agree to settle their respective obligations, i.e., exchanging payments. For spot currency transactions, the value date
is normally two business days forward. Also known as maturity date.
Variation Margin Funds a broker must request from the client to have the required margin deposited. The term usually refers to additional funds that must be deposited as a result of unfavorable price movements.
Volatility (Vol) A measure of price fluctuations. The standard deviation of a price series is
commonly used to measure price volatility.
Volume represents the total amount of trading activity in a particular stock, commodity or index for that day. It is the total number of contracts traded during the day.