Trading Terms Glossary

Welcome to the RJO Futures trading terms glossary. Within this glossary, you will find an expansive list of trading terms covering commodity, option, and futures trading terminology. Bookmark this section as a quick reference for definitions of trading terms as you browse the Internet and our site for more information on futures and options trading within the financial and commodities markets.



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A

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


B

Back Months
Backwardation
Balance of Payments
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

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


D

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
Devaluation
Differentials
Disclosure Document
Discount
Discount Method
Discount Rate
Discretionary Account


E

Econometrics
Electronic Clerk
Electronic Order
Electronic Trading Hours
Equilibrium Price
Equity
Eurodollars
European Central Bank
European Terms
European Union
Evening Up
Ex Pit Transactions
Exchange
Exchange for Physicals
Exchange Rate
Exercise
Exercise Price
Expiration
Extrinsic Value


F

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


G

Gamma
Give Up
Globex
Good Thru Date
Good Till Cancelled
Grading Certificate
Grain Terminal
Grantor
Gross Domestic Product
Gross National Product
Gross Processing Margin


H

Haircut
Hedge
Hedger
Hedging
High
Holder
Horizontal Spread


I

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


L

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


M

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


N

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


O

Offer
Offset
Omnibus Account
One Cancels Other
OPEC
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
Or Better Close Only
Or Better Open Only
Original Margin
Out of the Money Option
Out Trade
Over the Counter
Overbought
Oversold


P

Par
Parity
Partial Fill
Performance Bond
Performance Bond 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
Pulpit
Purchase and Sale Statement
Purchasing Hedge
Purchasing Power
Put
Pyramiding


Q

Quotation


R

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


S

Scalp
Scalper
Secondary Market
Securities on Deposit
Security Deposit
Security Deposit Call
Security Futures
Segregated Account
Self Regulatory Organization
Sell Order
Sell Spread
Selling 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 Close Only
Stop Limit
Stop Open Only
Stop with Limit
Straddle
Strangle
Streaming Quotes
Strike Price
Support
Swap
Switching


T

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


U

Unable
Uncovered Option
Underlying Futures Contract
US Treasury Bill
US Treasury Bond
US Treasury Note


V

Variable Limit
Variation Margin
Vertical Spread
Volatility
Volume


W

Warehouse Receipt
Web OE
Whipsaw
Writer


Y

Yield
Yield Curve
Yield to Maturity

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This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.