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.

V

Variation Margin

Additional margin required to be deposited by a clearing member firm to the clearinghouse during periods of great market volatility, or in the case of high-risk accounts.