Commodity exchange

Commodity exchange

Industry: Financial services

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Commodity exchange

Street book

Financial services; Commodity exchange

A daily record kept by futures commission merchants and clearing members showing details of each futures transaction, including date, price, quantity, market, commodity, future, and the person for ...

Point-and-figure

Financial services; Commodity exchange

A method of charting which uses prices to form patterns of movement without regard to time. It defines a price trend as a continued movement in one direction until a reversal of a predetermined ...

Weak hands

Financial services; Commodity exchange

When used in connexion with delivery of commodities on futures contracts, the terms usually means that the party probably does not intend to retain ownership of the commodity; when used in connexion ...

Pay/collect

Financial services; Commodity exchange

A shorthand method of referring to the payment of a loss (pay) and receipt of a gain (collect) by a clearing member to or from a clearing organisation that occurs after a futures position has been ...

Notice of delivery

Financial services; Commodity exchange

A notice that must be presented by the seller of a futures contract to the clearinghouse. The clearinghouse then assigns the notice and subsequent delivery instrument to a buyer. Also Notice of ...

Associated person

Financial services; Commodity exchange

A person associated with any futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, or leverage transaction merchant as a partner, officer, employee, ...

Cash market

Financial services; Commodity exchange

A place where people buy and sell the actual commodities, i.e., grain elevator, bank, etc. Spot usually refers to a cash market price for a physical commodity that is available for immediate ...