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.
A financial institution that has official or semiofficial status in a federal government. They are used by governments to expand, contract, or stabilize the supply of money and credit. For example, the U.S. central bank is the Federal Reserve, and the ECB (European Central Bank) manages monetary policy for the European Union.