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.

P

Position Limit

The maximum number of speculative futures contracts one can hold as determined by the CFTC and/or the exchange where the contract is traded.