Commodity exchange

Commodity exchange

Industry: Financial services

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Commodity exchange

Discretionary account

Financial services; Commodity exchange

An arrangement by which the holder of an account gives written power of attorney to someone else, often a broker, to buy and sell without prior approval of the holder; often referred to as a "managed ...

Commodity

Financial services; Commodity exchange

An article of commerce or a product that can be used for commerce. In a narrow sense, products traded on an authorised commodity exchange. The types of commodities include agricultural products, ...

Clearing house

Financial services; Commodity exchange

An adjunct to, or division of, a commodity exchange through which transactions executed on the floor of the exchange are settled. Also charged with assuring the proper conduct of the exchange's ...

Omnibus account

Financial services; Commodity exchange

An account carried by one futures commission merchant with another futures commission merchant in which the transactions of two or more persons are combined and carried in the name of the originating ...