8 Terms
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Commodity exchange
Industry: Financial services
Add a new termContributors in Commodity exchange
Commodity exchange
strip
Financial services; Commodity exchange
A sequence of futures contract months (e.g., the June, July, and August natural gas futures contracts) that can be executed as a single transaction.
credit spread option
Financial services; Commodity exchange
An option whose payoff is based on the credit spread between the debt of a particular borrower and similar maturity Treasury bills, notes, or bonds.
good till canceled order (GTC)
Financial services; Commodity exchange
An order which is valid until cancelled by the customer. Unless specified GTC, unfilled orders expire at the end of the trading day.
narrowing of the basis
Financial services; Commodity exchange
The tendency for prices of physicals and futures to approach one another, usually during the delivery month.
Foreign Board of Trade
Financial services; Commodity exchange
A futures exchange based outside the United States. Foreign boards of trade that wish to offer direct access in the U.S. must register with the CFTC.
locked limit
Financial services; Commodity exchange
A price that has advanced or declined the permissible limit during one trading session, as fixed by the rules of an exchange.
lookalike swap
Financial services; Commodity exchange
An over-the-counter swap that is cash settled based on the settlement price of a similar exchange-traded futures contract on a specified trading day.
