Quadrupule witching refers to fours certain dates in a year when stock index options, stock index futures, stock options and single stock futures expire. It happens at the same time for all four of the securities at the third Friday of March, June, September and December. Last hour of trading on these days see a horrific increase in the volume of trades.

 

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Direct quote is an exchange rate for foreign currency that involves a quote in fixed unites against different amount of the domestic currency. For example, a direct quote of the $ against the Canadian dollar in the US is U.S. $0.79394 = C $1 for 2018.

 

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