Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is Tom/Next?

April 26, 2017Tom

0

Posted

What is Tom/Next?

1 Answer

0

Posted

“Tom” stands for tomorrow and means “the next working day after today” and “next” means “the next working day following”. This term is used to describe the basis on which an open Forex position, if held at the end of the business day prior to its Value Date, is rolled over to a new value date.