futures market (exchange)
51exchange of future for physical(s) — The exchange between two customers of a physical and futures position, which is agreed directly between the two parties outside of the exchange on which the futures are dealt. EFPs are reported to the exchange, and documentary evidence of a… …
52futures contract — A present right to receive at a future date a specific quantity of a given commodity for a fixed price. Clayton Brokerage Co. of St. Louis, Inc. v. Mouer, Tex.Civ.App., 520 S.W.2d 802, 804. Commodity futures contracts?? are commitments to buy or… …
53futures contract — A present right to receive at a future date a specific quantity of a given commodity for a fixed price. Clayton Brokerage Co. of St. Louis, Inc. v. Mouer, Tex.Civ.App., 520 S.W.2d 802, 804. Commodity futures contracts?? are commitments to buy or… …
54exchange of futures for physicals — A futures contract provision involving an agreement for delivery of a physical product that does not necessarily conform to contract specifications in all terms from one market participant to another, and a concomitant assumption of equal and… …
55market — {{Roman}}I.{{/Roman}} noun 1 place where people go to buy and sell things ADJECTIVE ▪ open air, outdoor, street ▪ covered, indoor (both esp. BrE) ▪ cattle, fruit and vegetabl …
56Futures commission merchant — A firm or person engaged in soliciting or accepting and handling orders for the purchase or sale of futures contracts, subject to the rules of a futures exchange and, who, in connection with such solicitation or acceptance of orders, accepts any… …
57Market price — In economics, market price is the economic price for which a good or service is offered in the marketplace. It is of interest mainly in the study of microeconomics. Market value and market price are equal only under conditions of market… …
58exchange-for-physicals — An ex pit transaction in which traders may initiate or liquidate their positions by arranging for the simultaneous purchase or sale of the actual cash commodity pursuant to CME Rule 538 or 719.Example: One party buys the cash market currency and… …
59futures — Contracts for the sale of securities, such as bonds and stocks, or of certain commodities, such as grain and cotton, which call for delivery at a future time, the value of such a contract fluctuating with changes in the market value of the… …
60exchange — /ɪks tʃeɪndʒ/ noun 1. the act of giving one thing for another 2. a market for shares, commodities, futures, etc. ■ verb 1. ♦ to exchange something (for something else) to give one thing in place of something else ● He exchanged his motorcycle for …
