Commodity exchange

Commodity exchange

Industry: Financial services

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Commodity exchange

canceling order

Financial services; Commodity exchange

An order that deletes a customer's previous order.

An order that expires automatically at the end of each day's trading session. There may be a day order with time contingency. For example, an "off at a specific time" order is an order that remains ...

open orders

Financial services; Commodity exchange

An order that remains in force until it is canceled or until the futures contracts expire. See Good 'Til Canceled and Good This Week orders.

market order

Financial services; Commodity exchange

An order to buy or sell a futures contract at whatever price is obtainable at the time it is entered in the ring or pit. See At-The-Market.

at-the-market

Financial services; Commodity exchange

An order to buy or sell a futures contract at whatever price is obtainable when the order reaches the trading floor. Also called a Market Order.

market-on-opening

Financial services; Commodity exchange

An order to buy or sell at the beginning of the trading session at a price within the opening range of prices.

writer

Financial services; Commodity exchange

The person who sells an option in return for a premium and is obligated to perform when the holder exercises his right under the option contract. Also referred to as the option seller.