Commodity exchange

Commodity exchange

Industry: Financial services

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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).

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 ...