Glossary of Futures Terms





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A
Top

Abandon
ACCESS
Accrued Interest
Actuals
Add-on Method
Adjusted Futures Price
Adjusted Total Equity (ATE)
Aggregation
All Could
Allowances
Alternate Delivery Procedure (ADP)
Approved Delivery Facility
Arbitrage
Arbitration
Ask
Ask Size
Assignment
Associated Person (AP)
At-the-Market
At-the-Money Option


B
Top

Back Months
Backwardation
Balance of Payments (BOP)
Bar Chart
Base Currency
Basis
Basis Grade
Bear
Bear Market
Bear Spread
Bid
Bid Size
Book Entry Securities
Break
Bretton Woods Agreement
Broker
Bull
Bull Market
Bull Spread
Bust
Butterfly Spread
Buy
Buy In
Buy On Close
Buy On Opening


C
Top

Cabinet Trade
Call
Call Option
Cancel Order
Cancel/Replace
Car
Carrying Broker
Carrying Charge
Carryover
Cash Commodity
Cash Contract
Cash Market
Cash Settlement
Central Bank
Certificate of Deposit (CD)
Certified Stocks
Charting
Cheapest to Deliver
Circuit Breaker
Clear
Cleared Funds
Clearing Margin
Clearing Member
Clearinghouse
Clerk
Close
Closing Price
Closing Range
COM Membership (CBOT)
Commercial
Commercial Stocks
Commission
Commission House
Commitment
Commodity
Commodity Exchange Act (CEA)
Commodity Futures Modernization Act of 2000 (CFMA)
Commodity Futures Trading Commission (CFTC)
Commodity Pool
Commodity Pool Operator (CPO)
Commodity Trading Advisor (CTA)
Confirmation Statement
Consumer Price Index (CPI)
Contango
Contract
Contract Grade
Contract Market
Contract Month
Convergence
Conversion Factor
Cost and Freight (C&F)
Cost of Carry
Cost, insurance, and freight (CIF)
Counterparty
Coupon
Cover
Covered Option
CQG
Crop (Marketing) Year
Crop Reports
Cross Rate
Cross-Hedging
Crush Spread
Current Yield
Customer Margin
Customer Segregated Funds


D
Top

Daily Trading Limit
Day Order
Day Trader
Day Trading
Dealer
Debit Balance
Deck
Default
Deferred Delivery Month
Deferred Futures
Delayed Quotes
Deliverable Grades
Delivery
Delivery Commitment
Delivery Month
Delivery Notice
Delivery Points
Delivery Price
Delta
Derivative
Designated Self-Regulatory Organization (DSRO)
Devaluation
Differentials
Disclosure Document
Discount
Discount Method
Discount Rate
Discretionary Account


E
Top

Econometrics
Electronic Clerk (EC)
Electronic Order
Electronic Trading Hours (ETH)
Equilibrium Price
Equity
Eurodollars
European Central Bank (ECB)
European Terms
European Union (EU)
Evening Up
Exchange
Exchange for Physicals (EFP)
Exchange Rate
Exercise
Exercise Price
Expiration
Ex-Pit Transactions
Extrinsic Value


F
Top

Face Value
Fast Market
Federal Funds
Federal Funds Rate
Federal Reserve System
Feed Ratio
Fill (FOK)
Fill or Kill
Financial Instrument
First Notice Day
Floor Broker
Floor Trader
Foreign Exchange
Forex Futures (FX)
Forex Market
Forward
Forward (Cash) Contract
Full Carrying-Charge Market
Fundamental Analysis
Funds Not Cleared
Futures
Futures Commission Merchant (FCM)
Futures Contract
Futures Exchange
Futures Industry Association (FIA)


G
Top

Gamma
Give Up
Globex
Good Thru Date (GTD)
Good Till Cancelled (GTC)
Grading Certificate
Grain Terminal
Grantor
Gross Domestic Product (GDP)
Gross National Product (GNP)
Gross Processing Margin (GPM)


H
Top

Haircut
Hedge
Hedger
Hedging
High
Holder
Horizontal Spread


I
Top

Initial Margin
Interbank Rates
Intercommodity Spread
Interdelivery Spread
Interest Arbitrage
Interest Rate Parity
Intermarket Spread
In-the-Money Option
Intrinsic Value
Introducing Broker (IB)
Inverted Market
Invisible Supply


L
Top

Lagging Indicators
Last
Last Trading Day
Leading Indicators
Leverage
Limit
Limit (Up or Down)
Limit Move
Limit Order (LMT)
Limit Price
Linkage
Liquid
Liquidate
Liquidating Value
Liquidation
Liquidity (Liquid Market)
Loan Rate
Local
Long
Long Hedge
Long Option Value
Long the Basis
Lot
Low


M
Top

Maintenance Margin
Managed Account
Managed Futures
Margin
Margin Call
Market Maker
Market on Close (MOC)
Market Order (MKT)
Market Reporter
Market-if-Touched (MIT)
Mark-to-Market
Maturity
Maximum Price Fluctuation
Minimum Price Fluctuation
Moving-Average Charts
Municipal Bonds


N
Top

Naked Option
Narrow-Based Stock Index
National Futures Association (NFA)
Nearby
Net Asset Value
Net Liquidating Value
Net Options Value
Nominal Price
Not Held
Notice Day


O
Top

Offer
Offset
Omnibus Account
One-Cancels-Other (OCO)
OPEC (Organization of Petroleum Exporting Countrie
Open
Open Interest
Open Market Operation
Open Order
Open Outcry
Open Trade Equity
Opening Price
Opening Range
Option
Option Buyer
Option Contract
Option Premium
Option Seller
Option Spread
Or Better (OB)
Or Better Close Only (OBCO)
Or Better Open Only (OBOO)
Original Margin
Out Trade
Out-of-the-Money Option
Overbought
Oversold
Over-the-Counter (OTC)


P
Top

Par
Parity
Partial Fill
Performance Bond
Performance Bond Call (Margin Call)
Pips
Pit
Point-and-Figure Charts
Points
Pool
Position
Position Day
Position Limit
Position Trader
Premium
Price Change
Price Discovery
Price Limit
Price Limit Order
Primary Dealer
Primary Market
Prime Rate
Producer Price Index (PPI)
Pulpit
Purchase and Sale Statement (P&S)
Purchasing Hedge (or Long Hedge)
Purchasing Power
Put
Pyramiding


Q
Top

Quotation


R
Top

Rally
Range
Rate
Reaction
Real-Time Quotes
Reciprocal of European Terms
Recovery
Registered Representative
Regular Trading Hours
Replace Order
Reportable Positions
Repurchase Agreements (or Repo)
Resistance
Retender
Retracement
Reversal
Reverse Crush Spread
RJO Vantage
Rollover
Round Turn
Runners


S
Top

Scalp
Scalper
Secondary Market
Securities on Deposit
Security Deposit
Security Deposit Call
Security Futures
Segregated Account
Self-Regulatory Organization (SRO)
Sell (Sell Order)
Sell Spread (Option sell spread)
Selling Hedge (or Short Hedge)
Settlement Price
Short
Short Hedge
Short Option Value
Short Selling
Short Squeeze
Simulated Trading
Single Stock Futures
Special Offset
Speculator
Split Fill
Spot
Spot Month
Spot Price
Spread
Spreading
Steer/Corn Ratio
Stock Index
Stock Market
Stop
Stop Open Only (SOO)
Stop-Close-Only (SCO)
Stop-Limit (STL)
Stop-with-Limit (STWL)
Straddle
Strangle
Streaming Quotes
Strike Price
Support
Swap
Switching


T
Top

T-Bill
Technical Analysis
Technical Rally
Tick
Time and Sales
Time Limit Order
Time Value
Time-Stamped
To-Arrive Contract
Too Late to Cancel
TOPS (Trade Order Processing System)
Total Equity
Trade Balance
Trailing Stop Order
Treasury Bill
Trend
Trendline
Two-Way Price


U
Top

U.S. Treasury Bill
U.S. Treasury Bond
U.S. Treasury Note
Unable
Uncovered Option
Underlying Futures Contract


V
Top

Variable Limit
Variation Margin
Vertical Spread
Volatility
Volume


W
Top

Warehouse Receipt
Web OE
Whipsaw
Writer


Y
Top

Yield
Yield Curve
Yield to Maturity


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