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.


Market Order

AKA: MKT An order to buy or sell a specified commodity, including quantity and delivery month at the best possible price available, as soon as possible.