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.


Price Limit

The maximum advance or decline, from the previous day’s settlement price, permitted for a futures contract in one trading session. See Variable Limit, Maximum Price Fluctuation.