21 Terms
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Commodity exchange
Industry: Financial services
Add a new termContributors in Commodity exchange
Commodity exchange
accommodation trading
Financial services; Commodity exchange
Non-competitive trading entered into by a trader, usually to assist another with illegal trades.
basis quote
Financial services; Commodity exchange
Offer or sale of a cash commodity in terms of the difference above or below a futures price (e.g., 10 cents over December corn).
cross trading
Financial services; Commodity exchange
Offsetting or noncompetitive match of the buy order of one customer against the sell order of another, a practice that is permissible only when executed in accordance with the Commodity Exchange Act, ...
assignable contract
Financial services; Commodity exchange
One which allows the holder to convey his rights to a third party. Exchange-traded contracts are not assignable.
bear
Financial services; Commodity exchange
One who expects a decline in market prices. The opposite of a "bull." A news item is considered bearish if it is expected to result in lower prices.
short
Financial services; Commodity exchange
One who has sold futures contracts or plans to purchase a cash commodity. (verb) Selling futures contracts or initiating a cash forward contract sale without offsetting a particular market position.
Organization of Petroleum Exporting Countries (OPEC)
Financial services; Commodity exchange
OPEC became a major petroleum pricing power in 1973, when the ownership of oil production in the Middle East transferred from the operating companies to the governments of the producing countries or ...
