20 Terms
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Commodity exchange
Industry: Financial services
Add a new termContributors in Commodity exchange
Commodity exchange
Broker
Financial services; Commodity exchange
A person paid a fee or commission for executing buy or sell orders for a customer. In commodity futures trading, the term may refer to: (1) Floor Broker--a person who actually executes orders on the ...
Introducing broker
Financial services; Commodity exchange
A person or organisation that solicits or accepts orders to buy or sell futures contracts or commodity options but does not accept money or other assets from customers to support such orders.
Cross-margining
Financial services; Commodity exchange
A procedure for margining related securities, options, and futures contracts jointly when different clearing houses clear each side of the position.
Limit move
Financial services; Commodity exchange
A price that has advanced or declined the permissible limit during one trading session, as fixed by the rules of a contract market.
Long the basis
Financial services; Commodity exchange
A person or firm that has bought the spot commodity and hedged with a sale of futures is said to be long the basis.
Ease off
Financial services; Commodity exchange
A minor and/or slow decline in the price of a market.
Day order
Financial services; Commodity exchange
An order that expires automatically at the end of each day's trading session. There may be a day order with time contingency. For example, an "off at a specific time" order is an order that remains ...
