Commodity exchange

Commodity exchange

Industry: Financial services

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Commodity exchange

Position day

Financial services; Commodity exchange

According to the Chicago Board of Trade rules, the first day in the process of making or taking delivery of the actual commodity on a futures contract. The clearing firm representing the seller ...

Expanded trading hours

Financial services; Commodity exchange

Additional trading hours of specific futures and options contracts at the Chicago Board of Trade that overlap with business hours in other time zones.

According to the Chicago Board of Trade rules, the final day when trading may occur in a given futures or option contract month. Futures contracts outstanding at the end of the last trading day must ...

First notice day

Financial services; Commodity exchange

According to Chicago Board of Trade rules, the first day on which a notice of intent to deliver a commodity in fulfilment of a given month's futures contract can be made by the clearinghouse to a ...

Notice day

Financial services; Commodity exchange

According to Chicago Board of Trade rules, the second day of the three-day delivery process when the clearing corporation matches the buyer with the oldest reported long position to the delivering ...

Stop-limit order

Financial services; Commodity exchange

A variation of a stop order in which a trade must be executed at the exact price or better. If the order cannot be executed, it is held until the stated price or better is reached again.