futures exchange
Contracts trading venue
A futures exchange is a marketplace where standardized contracts for future delivery of commodities, currencies, or financial instruments are bought and sold.
Unlike stock exchanges, traders here deal in obligations to buy or sell at a specified price on a future date: The Chicago Board of Trade is the world's oldest futures exchange.
Most contracts are settled financially rather than through actual delivery.
Central settlement agency
- marginEdge of a page
- mark-to-marketValuing at current price
- settlementResolved dispute or colony
- counterpartyOther side in deals
clearing member · novation · netting · collateral · margin call · segregation
Computer-based securities transactions
- order bookRecord of pending trades
- limit orderPrice-specific buy/sell instruction
- market orderInstant execution trade request
- stop orderPreset trading threshold instruction
day trading · scalping · arbitrage · liquidity · volume · slippage · execution · algorithmic trading
Identifying and minimizing threats
- price protectionRefund for subsequent markdowns
- price lockGuaranteed unchanged cost
- procurementObtaining goods externally
- exposureState of being unprotected
Chicago commodities marketplace
- ICEImmigration enforcement bureau
- NFAAutomaton allowing parallel paths
- seatPlace for sitting
- self-regulatoryControlling one's own conduct
Implementing uniform technical specifications
- expiryEnd of validity
- rolloverVehicle flipping accident
- cash settlementPayment concluding a claim
- daily limitMaximum amount per day
Unrefined fossil fuel
- natural gasSubterranean hydrocarbon fuel
- goldElement seventy-nine
- silverLustrous white precious metal
- copperReddish-brown metallic element
corn · wheat · soybeans · coffee · cocoa · sugar · cotton · cattle
Expecting market gains
- bearishExpecting market decline
- risk appetiteCapacity for accepting uncertainty
- speculatorOne wagering on outcomes
- contrarianChronic majority-opposer
clearinghouse
Central settlement agency
- marginEdge of a page
- mark-to-marketValuing at current price
- settlementResolved dispute or colony
counterparty · clearing member · novation · netting · collateral · margin call · segregation
electronic trading
Computer-based securities transactions
- order bookRecord of pending trades
- limit orderPrice-specific buy/sell instruction
- market orderInstant execution trade request
stop order · day trading · scalping · arbitrage · liquidity · volume · slippage · execution · algorithmic trading · market maker
risk management
Identifying and minimizing threats
- price protectionRefund for subsequent markdowns
- price lockGuaranteed unchanged cost
- procurementObtaining goods externally
CBOT
Chicago commodities marketplace
standardization
Implementing uniform technical specifications
- expiryEnd of validity
- rolloverVehicle flipping accident
- cash settlementPayment concluding a claim
crude oil
Unrefined fossil fuel
- natural gasSubterranean hydrocarbon fuel
- goldElement seventy-nine
- silverLustrous white precious metal
copper · corn · wheat · soybeans · coffee · cocoa · sugar · cotton · cattle · pork bellies
bullish
Expecting market gains
- bearishExpecting market decline
- risk appetiteCapacity for accepting uncertainty
- speculatorOne wagering on outcomes
futures exchangestock exchange
Securities trading marketplace
stock market · equity market · securities exchange · bond market
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