Commodity exchange

Commodity exchange

Industry: Financial services

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Commodity exchange

Short

Financial services; Commodity exchange

One who has sold futures contracts or plans to purchase a cash commodity. (verb) Selling futures contracts or initiating a cash forward contract sale without offsetting a particular market position.

Good 'til cancelled order (GTC)

Financial services; Commodity exchange

Order which is valid at any time during market hours until executed or canceled. See Open Order.

Time-stamped

Financial services; Commodity exchange

Part of the order-routing process in which the time of day is stamped on an order. An order is time-stamped when it is (1) received on the trading floor, and (2) completed.

Bear

Financial services; Commodity exchange

One who expects a decline in market prices. The opposite of a "bull." A news item is considered bearish if it is expected to result in lower prices.

Assignable contract

Financial services; Commodity exchange

One which allows the holder to convey his rights to a third party. Exchange-traded contracts are not assignable.

Good this week order (GTW)

Financial services; Commodity exchange

Order which is valid only for the week in which it is placed.

The difference between the current cash price and the futures price of the same commodity. Unless otherwise specified, the price of the nearby futures contract month is generally used to calculate ...