Spread Betting Glossary: U

A | B | C | D | E | F | G | H | I | L | M | N | O | P | Q | R | S | T | U | V | W | Y

U

Underlying asset
The asset, commodity or security on which a trade or instrument is based.
Underlying instrument
The contract or notional asset which underpins a given trade, for example a futures contract in spread betting.
Universal Stock Futures
A futures contract relative to a given underlying asset.
Up bet
Synonymous with going long, an up bet is a positive position opened in anticipation of a positive market.