Commodity exchange

Commodity exchange

Industry: Financial services

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Commodity exchange

Equilibrium price

Financial services; Commodity exchange

The market price at which the quantity supplied of a commodity equals the quantity demanded.

Daily trading limit

Financial services; Commodity exchange

The maximum price range set by the exchange cash day for a contract.

Customer type indicator (CTI) codes

Financial services; Commodity exchange

These consist of four identifiers which describe transactions by the type of customer for which a trade is effected.. The four codes are: (1) trading for the member's own account; (2) trading for a ...

Charting

Financial services; Commodity exchange

The use of charts to analyse market behaviour and anticipate future price movements. Those who use charting as a trading method plot such factors as high, low, and settlement prices; average price ...

Delivery notice

Financial services; Commodity exchange

The written notice given by the seller of his intention to make delivery against an open short futures position on a particular date. This notice, delivered through the clearing house, is separate ...

Marking-to-market

Financial services; Commodity exchange

To debit or credit on a daily basis a margin account based on the close of that day's trading session. In this way, buyers an sellers are protected against the possibility of contract default.

Delivery

Financial services; Commodity exchange

The transfer of the cash commodity from the seller of a futures contract to the buyer of a futures contract. Each futures exchange has specific procedures for delivery of a cash commodity. Some ...