Commodity exchange

Commodity exchange

Industry: Financial services

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Commodity exchange

managed account

Financial services; Commodity exchange

Financial safeguards to ensure that clearing members (usually companies or corporations) perform on their customers' open futures and options contracts. Clearing margins are distinct from customer ...

variable limit

Financial services; Commodity exchange

According to the Chicago Board of Trade rules, an expanded allowable price range set during volatile markets.

last trading day

Financial services; Commodity exchange

According to the Chicago Board of Trade rules, the final day when trading may occur in a given futures or option contract month. Futures contracts outstanding at the end of the last trading day must ...

position day

Financial services; Commodity exchange

According to the Chicago Board of Trade rules, the first day in the process of making or taking delivery of the actual commodity on a futures contract. The clearing firm representing the seller ...

expanded trading hours

Financial services; Commodity exchange

Additional trading hours of specific futures and options contracts at the Chicago Board of Trade that overlap with business hours in other time zones.

omnibus account

Financial services; Commodity exchange

An account carried by one futures commission merchant with another futures commission merchant in which the transactions of two or more persons are combined and carried in the name of the originating ...