A contract that entitles the buyer/taker to buy a fixed quantity of a commodity at a stipulated basis or striking price at any time up to the expiration of the option. The buyer pays a premium to the seller/grantor for this contract.
An order that deletes a customer's previous order.
Grain and oilseed commodities not consumed during the marketing year and
remaining in storage at year's end. These stocks are "carried over" into the
An actual physical commodity someone is buying or selling, e.g., soybeans, corn,
gold, silver, Treasury bonds, etc. Also referred to as actuals<br>
Transactions generally involving index-based futures contracts that are settled
in cash based on the actual value of the index on the last trading day, in
contrast to those that specify the delivery of a commodity or financial
A time deposit with a specific maturity evidenced by a certificate
The use of charts to analyze market behavior and anticipate future price
movements. Those who use charting as a trading method plot such factors as high,
Colloquialism implying that a commodity is underpriced
A method to determine which particular cash debt instrument is most profitable
to deliver against a futures contract.
An independent corporation that settles all trades made at the Jakarta Futures Exchange acting as a guarantor for all trades cleared by it, reconciles all clearing member firm accounts each day to ensure that all gains have been credited and all l
An agency or separate corporation of a futures exchange that is responsible for
settling trading accounts, clearing trades, collecting and maintaining margin
Financial safeguards to ensure that clearing members (usually companies or
corporations) perform on their customers' open futures and options contracts.
A member of an exchange clearinghouse. Memberships in clearing organizations are
usually held by companies. Clearing members are responsible for the financial
commitments of customers that clear through their firm.
See Settlement Price.
A range of prices at which buy and sell transactions took place during the
market close.
A fee charged by a broker for executing a transaction. Also referred to as
brokerage fee.
