modity
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Commodity — A commodity is food, metal, or another physical substance that investors buy or sell, usually via futures contracts. The New York Times Financial Glossary * * * commodity com‧mod‧i‧ty [kəˈmɒdti ǁ kəˈmɑː ] noun commodities PLURALFORM [countable]… … Financial and business terms
commodity — An article of commerce or a product that can be used for commerce. In a narrow sense, products traded on an authorized commodity exchange. The types of commodities include agricultural products, metals, petroleum, foreign currencies, and… … Financial and business terms
Broker — An individual who is paid a commission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders. The New York Times Financial… … Financial and business terms
Exchange — The marketplace in which shares, options and futures on stocks, bonds, commodities and indices are traded. Principal US stock exchanges are: New York Stock Exchange ( NYSE), American Stock Exchange ( AMEX) and the National Association of… … Financial and business terms
Futures — A term used to designate all contracts covering the sale of financial instruments or physical commodities for future delivery on a commodity exchange. The New York Times Financial Glossary * * * futures fu‧tures [ˈfjuːtʆəz ǁ ərz] noun [plural]… … Financial and business terms
broker — A company or individual that executes futures and options orders on behalf of financial and commercial institutions and/or the general public. Chicago Board of Trade glossary An agent who executes trades (buy or sell orders) for customers. He… … Financial and business terms
Commodity Futures Trading Commission — ( CFTC) A federal regulatory agency established under the Commodity Futures Trading Commission Act, as amended in 1974, that oversees futures trading in the United States. The commission is comprised of five commissioners, one of whom is… … Financial and business terms
exchange — An association of persons who participate in the business of buying or selling futures contracts or futures options. A forum or place where traders gather to buy or sell economic goods. With the advent of the computerized exchange, it is… … Financial and business terms
fund — A fiscal and accounting entity with a self balancing set of accounts in which cash and other financial resources, all related liabilities and residual equities, or balances, and charges therein, are recorded and segregated to carry on specific… … Financial and business terms
futures — Contracts for the sale/purchase of a specified quantity of a financial instrument, currency, or commodity at an agreed upon price on a given future date. First developed for agricultural commodities, actively traded futures are available for… … Financial and business terms
London Commodity Exchange — ( LCE) Merged with the London International Financial Futures and Options Exchange in 1996. Bloomberg Financial Dictionary * * * London Commodity Exchange ˌLondon Comˈmodity Exˌchange noun FINANCE the former name of the most important market in… … Financial and business terms