20 Terms
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Commodity exchange
Industry: Financial services
Add a new termContributors in Commodity exchange
Commodity exchange
Floor broker (FB)
Financial services; Commodity exchange
An individual who executes orders for the purchase or sale of any commodity futures or options contract on any contract market for any other person.
Floor trader (FT)
Financial services; Commodity exchange
An individual who executes trades for the purchase or sale of any commodity futures or options contract on any contract market for such individual's own account.
Open interest
Financial services; Commodity exchange
The total number of futures or options contracts of a given commodity that have not yet been offset by an opposite futures or option transaction nor fulfilled by delivery of the commodity or option ...
Crop marketing year
Financial services; Commodity exchange
The time span from harvest to harvest for agricultural commodities. The crop marketing year varies slightly with each ag commodity, but it tends to begin at harvest and end before the next year's ...
Deliverable grades
Financial services; Commodity exchange
The standard grades of commodities or instruments listed in the rules of the exchanges that must be met when delivering cash commodities against futures contracts. Grades are often accompanied by a ...
Contract grades
Financial services; Commodity exchange
The standard grades of commodities or instruments listed in the rules of the exchanges that must be met when delivering cash commodities against futures contracts. Grades are often accompanied by a ...
Delivery day
Financial services; Commodity exchange
The third day in the delivery process at the Chicago Board of Trade, when the buyer's clearing firm presents the delivery notice with a certified cheque for the amount due at the office of the ...
