Commodity exchange

Commodity exchange

Industry: Financial services

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Contributors in Commodity exchange

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Commodity exchange

Board of trade

Financial services; Commodity exchange

Any exchange or association, whether incorporated or unincorporated, of persons who are engaged in the business of buying or selling any commodity or receiving the same for sale on consignment.

Exotic options

Financial services; Commodity exchange

Any of a wide variety of options with non-standard payout structures, including Asian options and Look back options. Exotic options are mostly traded in the over-the-counter market.

Eurodollar bonds

Financial services; Commodity exchange

Bonds issued in Europe by corporate or government interests outside the boundary of the national capital market, denominated in dollars.

Bullion

Financial services; Commodity exchange

Bars or ingots of precious metals, usually cast in standardised sizes.

Runners

Financial services; Commodity exchange

Messengers who rush orders received by phone clerks to brokers for execution in the pit.

Offsetting or noncompetitive match of the buy order of one customer against the sell order of another, a practise that is permissible only when executed in accordance with the Commodity Exchange Act, ...

Contango

Financial services; Commodity exchange

Market situation in which prices in succeeding delivery months are progressively higher than in the nearest delivery month; the opposite of "backwardation."