21 Terms
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Commodity exchange
Industry: Financial services
Add a new termContributors in Commodity exchange
Commodity exchange
backwardation
Financial services; Commodity exchange
Market situation in which futures prices are progressively lower in the distant delivery months. For instance, if the gold quotation for February is $160.00 per ounce and that for June is $155.00 per ...
contango
Financial services; Commodity exchange
Market situation in which prices in succeeding delivery months are progressively higher than in the nearest delivery month; the opposite of "backwardation."
secondary market
Financial services; Commodity exchange
Market where previously issued securities are bought and sold.
average farm price estimate
Financial services; Commodity exchange
Marketing-year weighted average price received by farmers.
runners
Financial services; Commodity exchange
Messengers who rush orders received by phone clerks to brokers for execution in the pit.
open outcry
Financial services; Commodity exchange
Method of public auction for making verbal bids and offers in the trading pits or rings of futures exchanges.
discount basis
Financial services; Commodity exchange
Method of quoting securities where the price is expressed as a annualized discount from maturity value.
