Value Date – The value date is the agreed upon date when a financial transaction is to be settled. On foreign currency exchanges, the value date is usually two days from the date of the closing of a transaction.

Variation Margin – A variation margin is called for by a broker or dealer when additional funds are required as collateral on an account due to price movement losses.

Vendor – On the foreign exchange market, a vendor is an organization that gathers and distributes price quotes from various banks and financial institutions.

VIX – VIX is an abbreviation for volatility index. It is the expected volatility of a market over the next 30 days. The VIX is often called the investor fear gauge.

Volatility – Volatility is the measurement of a market’s or currency’s price range over a given period of time. It is usually expressed as an annual percentage.