Commodity exchange

Commodity exchange

Industry: Financial services

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Commodity exchange

against actuals

Financial services; Commodity exchange

A transaction generally used by two hedgers who want to exchange futures for cash positions. Also referred to as "against actuals" or "versus cash".

exchange for physicals

Financial services; Commodity exchange

A transaction generally used by two hedgers who want to exchange futures for cash positions. Also referred to as "against actuals" or "versus cash".

A transaction in which the buyer of a cash commodity transfers to the seller a corresponding amount of long futures contracts, or receives from the seller a corresponding amount of short futures, at ...

even lot

Financial services; Commodity exchange

A unit of trading in a commodity established by an exchange to which official price quotations apply. See Round Lot.

stop-limit order

Financial services; Commodity exchange

A variation of a stop order in which a trade must be executed at the exact price or better. If the order cannot be executed, it is held until the stated price or better is reached again.

licensed warehouse

Financial services; Commodity exchange

A warehouse approved by exchange from which a commodity may be delivered on a futures contract. See Regular Warehouse.

first notice day

Financial services; Commodity exchange

According to Chicago Board of Trade rules, the first day on which a notice of intent to deliver a commodity in fulfillment of a given month's futures contract can be made by the clearinghouse to a ...