Broken-date contract is a full-month forward contract.

Currency arbitrage refers to making profit by buying a currency cheap in one market and selling it dear in the other market at a particular point of time.

Currency Futures Market refers to organized foreign exchange market where a fixed amount of a currency is exchanged on a fixed maturity date in the pit.

Currency Options Market refers to market for the exchange of currency where the option buyer enjoys the privilege of not exercising the option if the rate is not favourable.