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 board of trade designated by the CFTC to trade futures or options contracts on a particular commodity. It is commonly used to mean any exchange on which futures are traded. Also referred to as an Exchange.