Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

CME > Abbreviations > Flashcards

Abbreviations Flashcards

1
Q

A

A

Offer (Ask) - Price offering terminology when trading

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

ACC

A

Accepted - Term used in reference give-up transactions, accepted by the claiming firm

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

ACS

A

Allocation Claim System - A CME system used by firms involved in the allocation and claiming of five-up transactions. Many firms also use one of the middleware systems available to automate this process (GL Clearvision, Emos, ATEO)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

ACSSS

A

American Council of State Savings Supervisors - Part of State Liaison Committee (SLC), along with CSBS and NASCUS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

AD

A

Australian Dollar - FX currency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

ADN

A

Alternate Delivery Notice

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

ADV

A

Average Daily Volume - the average amount of contracts traded in any given product

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

AEM

A

All employee meeting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

AML

A

Anti-money Laundering - related to the ‘Know Your Customer” policies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

ANC

A

Adjusted Net Capital

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

AON

A

All or None - a style of order designed to fill the complete quantity, not partially fill it

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

APN

A

Accept Pending - A designation/message on a give-up transaction indicating the current status as pending. It will remain this way until the claiming firm rejects or accepts the transaction

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

APS

A

Average Price System - A System used by firms/traders to group a series of trades made up of the same criteria (buy or sell of the same contract) to obtain a single average price across the whole group. Frequently used by fund managers to ensure all accounts receive the same price

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

ARR

A

Allocation Reversal Request - A designation/message on a give-up transaction indicating the current status as reversal requested. It will remain in this status until the executing firm accepts or rejects the reversal transaction. This may occur because of bad price allocated, allocated to the wrong firm, incorrect buy/sell code, etc

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

AS A/C

A

Asset Account

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

ASEF

A

Alternate Swaps Execution Facility

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

ATIS

A

A Thorn in my Side - A back office proprietary bookkeeping system, orginally developed by O’Connor & Sons

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

ATM

A

At the Money - term used to describe a position instructions to exercise

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

ATS

A

Alternative strike price which is the same as the underlying settlement price. In this situation the position would not be automatically exercised, client/firm must submit specific Trading Systems

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

AUD

A

Australian Dollar - FX currency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

B

A

Bid - price offering terminology when trading

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

BAU

A

Business as usual

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

BBH

A

Brown Brothers Harriman - A settlement bank used by CME Group clients

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

BCP

A

Business Continuity Planning - Group responsible for all Disastor Recovery (DR) planning within CME Group

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

BDS

A

Business Development services

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

BEI

A

Business Entity Identifiers - (SWIFT related)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

BFCC

A

Business Function Combined Commodity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

BIA

A

Business Impact Analysis

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

BIC

A

Business Instructional Code - Specific code designated to banks used in transaction messaging by various Clearing House Departments

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

BIS

A

Bank for International Settlements - an FX related institution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
31
Q

BK trades

A

Broker Reassignment - allow an IOM member, trading outside his/her division to be recorded as the filling broker on the futures leg of the options/futures combination trades

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
32
Q

BKE

A

Bilateral Key Exchange

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
33
Q

BKR

A

Broker - person who acts as an intermediary between a buyer and a seller, usually charging a commission

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
34
Q

BOMA

A

Building Owners and Managers Association - Works closely with CME group to ensure that our evacuationa dn facility security plans are current and accurate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
35
Q

BONY

A

Bank of New York - A settlement bank used by CME group clients

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
36
Q

BP

A

British Pound (also GBP) - an FX currency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
37
Q

BPM

A

Business Performance Management

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
38
Q

BR

A

Brazilian Real - an FX currency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
39
Q

BRPA

A

Business Resumption Planners Association - an independant professional association of people employed in all aspects of disastor recovery, contingency, and business continuity planning

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
40
Q

C21

A

Clearing 21 - The C21 system suppors a variety of functions that enable member firms to view settlement information by origin and settlement account. Firms can also obtain Margin call and cash release information online using the settlement system

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
41
Q

CAB

A

Cabinet Trades - A cabinet trade is an obtion trade executed in a deep out-of-the-money obtion at a permium value less than the standard minimum tick. Each option product chapter defines the standard minimum tick increment and the allowable cabinet increments applicable to that product

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
42
Q

CAD

A

Canadian Dollar - an FX currency (also CD)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
43
Q

CAM

A

CME Auction Markets - A market utilizing the Auction system through which CME AM makes Auction Instruments available to auction participants

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
44
Q

CBOE

A

Chicago Board Options Exchange - Exchange which ises the OCC as their clearing corporation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
45
Q

CBOT

A

Chicago Board of Trade - Merged with CME to form CME Group in 2007

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
46
Q

CCS

A

CME Clearing Support group - department within the Clearing House

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
47
Q

CCP

A

Central Counterparty

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
48
Q

CD

A

Canadian Dollars - an FX currency (also CAD)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
49
Q

CDD

A

Cooling Degree Day - weather contract related - an average of temperature for that particular city over the course of the month

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
50
Q

CDM

A

Clean Development Mechanism - where CER’s contracts are held in temporary accounts

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
51
Q

CDS

A

Credit Default Swaps

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
52
Q

CEA

A

Commodity Exchange Act

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
53
Q

CER

A

Certified Emission Reduction - Emissions Futures Contract (Euro Denominated)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
54
Q

CEM

A

Current Exchange Method - Relates to the calculations in regards to the CME guarantee funds

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
55
Q

CF

A

Clearing Fee - Fees charged to exchange members and non-members alike for various clearing transactions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
56
Q

CFI

A

Center for Innovation - CFI creates and sponsors thought provoking original programming that identifies, showcases, and fosters examples of significant innovation and creative thinging across multiple industries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
57
Q

CFPB

A

Consumer Financial Protection Bureau - Part of the FFIEC council. The council is a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
58
Q

CFTC

A

Commodity Futures Trading Commision - The US government agency responsible for regulating domestic futures and options exchanges and their members

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
59
Q

CH

A

Clearing House - the administrative center of a market through which all transactions are cleared. In addition to administering trades, the clearing house guarantees the performance of contracts. It becomes the counter party to both the buyer and seller when a trade is matches, greatly reducing counterparty risk. Other functions include ensuring the underlying financial instruments or commodities are actually delivered to fulfill futures contracts, and maintaining the margin accounts

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
60
Q

CHF

A

Swiss Franc - an FX currency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
61
Q

ChicagoFIRST

A

ChicagoFIRST - a non-profit dedicated to Homeland Security and Emergency Management issues affecting financial institutions requiring a coordinated response. It is a coalition of private sector financial institutions and several local, state, and federal agencies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
62
Q

CIG

A

Corporate Initiative Group

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
63
Q

CIKR

A

Critical Infastructure Key Resources - Cyber securty risk management collaboration

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
64
Q

CIL

A

Client Internet Link

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
65
Q

CISCP

A

Cyber Information Sharing and Collaboration Program - Align and mature government and CIKR cyber security risk management colloaboration

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
66
Q

CIT

A

Clearing Information Technology - IT support for the Clearing House

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
67
Q

CITL

A

European Community Transaction log - a link to the ITL

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
68
Q

CLAR

A

Customer Line Alternative Routing - Enables firms to faciliate give-up trade processing via MQM/TREX as an alternative to entering data via our on-line Give-up System, GUS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
69
Q

CLR

A

Normal Clearing - A day in which clearing follows it’s regular schedule of trade processing, with no special considerations for holiday processing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
70
Q

CLS

A

Continuous Link Settlement - Banking system used to match deliveries in foreign currency futures for real-time settlement of both sides of the transaction

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
71
Q

CM

A

Clearing Member - a member of the clearing house organization

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
72
Q

CMA

A

Credit Market Analysis, Ltd.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
73
Q

CMB

A

Common message board - application used by the CH to maintain and moniter firm’s queues for both incoming and out going messages

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
74
Q

CMAC

A

Competitive Markets Advisory Council

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
75
Q

CME

A

Chicago Mercantile Exchange

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
76
Q

CME AM

A

CME Alternative Marketplace Inc. - a subsidiary of CME which is not regulated by the CFTC.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
77
Q

CMECE

A

CME Clearing Europe - represents the London CME Clearing House

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
78
Q

CMF

A

Clearing Member Firm - member firm, or FCM of a clearing house organization

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
79
Q

CMT

A

Crisis Management Team - related to business continuity group

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
80
Q

CMU

A

Client Member Update - reference to approval process for new clearing firms

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
81
Q

CORE

A

Clearing Online Risk Engine - clearing member and client risk application

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
82
Q

CSBS

A

Conference of State Bank Supervisors - Part of the SLC, along with ACSS and NASCUS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
83
Q

Cseg/Cust

A

Customer Segregated - certification support for Electronic Trading Group that supports the Certification and New Release Environments

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
84
Q

CST

A

Central Standard Time - Time zone of chicago, also known as CDT during daylight savings

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
85
Q

CTI

A

Customer Type Indicator - Bookkeeping clearing code which indicates one of the following: CTI 1 = Broker/trader trading own account; CTI 2 = Broker/trader trading for house account; CTI 3 = Broker/trader trading for the account of another broker/trader present on the trading floor or for an account controlled by such a broker/trader; CTI 4 = Broker/trader trading for any other customer’s account

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
86
Q

CTM

A

Clearing Trade Management

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
87
Q

CTR

A

Computerized Trade Reconstruction - The market regulation department will conduct audits of clearing members to verify that required audit trail information has been accurately recorded and submitted.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
88
Q

CUSIP

A

Committee on Uniform Securities Identification Procedures - a CUSIP number identifies most securities. The CUSIP system facilitates the clearing and settlement process of securities. The number consists of nine characters unique to each company or issuer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
89
Q

Cust

A

Customer Origin

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
90
Q

DAT

A

Damage Assesment Team - related to Business Continuity Group

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
91
Q

DCE

A

Data Center Engineering - Computer room security for equipment, location, and access

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
92
Q

DCO

A

Derivatives Clearing Organization

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
93
Q

DCM

A

Designated/Derivates Clearing Member - a CME Clearing Member approved for the purpose of entering orders to an Auction on behalf of auction participants together with the duties, rights, and privileges attendant to membership in the CH

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
94
Q

DDoS

A

Distributed Denial of Service - Infosec related to cyber/Internet attack of customer and/or public facing url’s

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
95
Q

DHS

A

Department of Homeland Security

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
96
Q

DIP

A

Delivery Instructions Process - the process and protocol firms follow when involved with deliveries. These protocols vary depending on the product being delivered

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
97
Q

DISCR

A

Discretionary - Order indicator giving the executing broker a level of discretion on what price a particular order is filled

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
98
Q

DMA

A

Direct Market Access - refers to traders with direct access to Globex

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
99
Q

DMAIC

A

A QPE Guideline to improve processes across the CH - Define, Measure, Analyze, Improve, and Control

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
100
Q

DME

A

Dubai Mercantile Exchange

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
101
Q

DMS

A

Deal Management System - OTC product/deal related

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
102
Q

DNS

A

Deliver Notice Server

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
103
Q

DSRO

A

Designated Self Regulatory Organization - CME Group Audit department performs risk based regulatory examinations of clearing members for which is has DSRO

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
104
Q

DTC

A

Depository Trust Company - the worlds largest central securities depository, it accepts deposits of over 2 million equity and debt securities issues from over 65 countries for custody

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
105
Q

DTCC

A

Depository Trust Clearing Corporation - through its subsidiaries, provides post-trade clearing, settlement, custody and information services for equities, corporate and municipal debt, money market instruments, American depository receipts, ETFs, and other securities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
106
Q

DVA

A

Daily Value Adjustment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
107
Q

E/A

A

Exercise/Assignment - the process whereby the option buyer asserts his/her right and goes long the underlying futures. Assignment refers to the obligations of sellers to take the opposite futures position of the buyers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
108
Q

EBOT

A

Exempt Board of Trade - Clearing Members eligible to clear CME products and Special CME Clearing Members eligible to clear CBOT products may clear Eligible Products traded on CME AM, at the discretion of the CH

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
109
Q

EC

A

Euro Currency - an FX currency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
110
Q

ECC

A

Emergency Change Control - a system modification in any environment that must happen outside of the normal weekend maintenance window

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
111
Q

ECN

A

Electronic Communications Networks - electronic systems used to trade securities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
112
Q

ECP

A

Eligible Contract Participants - Trading on the EBOT is restricted to eligible contract participants

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
113
Q

ED

A

Euro Dollar - the most widely traded interest rate futures product in the world. It enables traders to hedge fluctuations on Eurodollars - U.S. dollars deposited in commercial banks outside the US

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
114
Q

EEP

A

Excess Emissions Penalty - A delivery penalty related to Emissions Futures Contract (Euro Denominated)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
115
Q

EFP

A

Exchange for Physical - a privately negotiated, non-competitive futures trade transacted apart from the public auction market of a futures exchange but submitted for clearing through a futures clearing house

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
116
Q

EFR

A

Exchange for Risk - a futures market transaction that provides market participants a way to unwind existing OTC positions into new OTC positions. Similar to an EFP transaction, except that it involves an exchange of a futures position for an OTC position rather than an exchange for a physical commodity. EFR transactions facilitate an easy, efficient entry or exit from the OTC position

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
117
Q

EFS

A

Exchange Fee System - Exchange system used by firms to manage exchange and clearing fees

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
118
Q

EFS

A

Exchange for Swap - a practice similar to EFP, used by exchange market participants as an additional instrument to add flexibility to trading and risk management portfolios. Allows market participants to exchange a futures contract position for a cash-settled position instead of a physical commodity. Also gives market participants the ability to liquidate a swap position in a market that may have limited liquidity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
119
Q

EMA’s

A

Federal and State Emergency Management Associations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
120
Q

EOD

A

End of Day - Signifies the end of the trading day and is often associated with firms’ processing schedule

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
121
Q

EOM

A

Unit of Measure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
122
Q

ePRS

A

Electronic Price Reporting System

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
123
Q

EREP

A

Enterprise Reports - Client facing report repository which replaced Document Direct

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
124
Q

ES

A

Enterprise Solutions - working group within the CME

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
125
Q

ERT

A

Emergency Response Team - related to Business Continuity Group

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
126
Q

ETF

A

Exchange Traded Funds

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
127
Q

ETH

A

Electronic Trading Hours - trading hours on electronic markets opposed to open outcry markets

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
128
Q

ETP

A

Electronic Trade Poster

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
129
Q

ETPA

A

Electronic Trade Posting Application - Electronic Trading Production Assurance Group who supports all production components and systems

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
130
Q

EUA

A

European Union Allowance - Emmissions Futures Contract (Euro Denominated)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
131
Q

EU ETS

A

European Union Emissions Trading Scheme - Emmisions Futures Contract (Euro denominated)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
132
Q

EUR

A

Euro

133
Q

EY

A

Euro-Yen

134
Q

FBIIC

A

Financial Banking and Infrastructure Information Committee - Sister council of the FSSCC, made up of public sector and regulatory organizations and chaired by the US treasury department

135
Q

FCC

A

Federal Communications Commission

136
Q

FCM

A

Futures Commission Merchant

137
Q

FDIC

A

Federak Depository Insurance Corporation - Part of the FFIEC council, a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions

138
Q

FEC

A

Front End Clearing - provides a web-interface for management of the clearing process

139
Q

FERF

A

FIXML Entity Reference File

140
Q

FEST

A

Fixtures for Easy Software Testing

141
Q

FFCB

A

Federal Farm Credit Bank

142
Q

FFIEC

A

Federal Financial Institutions Examination Council - a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the FRB, FDIC, NCUA, OCC, CFPB.

143
Q

FHLB

A

Federal Home Loan Bank

144
Q

FHLMC

A

Federal Home Loan Mortgage Corporation aka: Freddie Mac

145
Q

FIA

A

Futures Industry Association - the CME has participated in the execution and planning of all Futures Industry Recovery exercises sponsered by the FIA

146
Q

FICC

A

Fixed Income Clearing Corporation

147
Q

FIMS

A

Facilities Information Management System - a tool that first responders are going to use as a reference when an event is occuring

148
Q

FIX

A

Financial Information Exchange - Financial exchange protocol for transmitting order entry messages

149
Q

FIX/FAST

A

Financial Exchange Protocol - Financial Exchange Protocol for transmitting market data messaging compressed using the FAST algorithm

150
Q

FIXML

A

Financial Information Exchange Markup Language

151
Q

FLEX

A

Flex Options Contracts

152
Q

FNMA

A

Federal National Mortgage Association aka: Fannie Mae

153
Q

FOB

A

An Adornment that hangs from a watch chain

154
Q

FRB

A

Federal Reserve Board - FFIEC Council segment. a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions

155
Q

FS-ISAC

A

Financial Services Information Sharing and Analysis Center - established in response to a mandate that the public and private sectors share information about physical and cyber security threats and vulnerabilities to help protect critical US Infrastructure

156
Q

FSSCC

A

Financial Services Sector Coordinating Council - One of the DHS coordinating councils set up to provide homeland security and infrastructure protection. CME Group is a member of this financial sector council.

157
Q

FUT

A

Future

158
Q

FX

A

Foreign Exchange

159
Q

FXMS

A

Foreign Exchange MarketSpace

160
Q

GBP

A

British Pounds

161
Q

GBX

A

Globex

162
Q

GCC

A

Globex Control Center

163
Q

GCF

A

General Collateral Finance

164
Q

GCM

A

General Clearing Member - Clearing house member who is entitled to clear its own transactions, those of its customers and those of floor brokers whom it sponsers

165
Q

GEM

A

Growth and Emerging Markets Division

166
Q

GETS

A

Government Emergency Telecommunications Service - Part of DHS, utilized to help CME respond to NS/EP when we are unable to complete emergency calls through normal means during a DR situation or event

167
Q

GFX

A

Globex Foreign Exchange

168
Q

GIS

A

Global Information Security

169
Q

GNMA

A

Ginnie Mae

170
Q

GSA

A

Goldman Sachs of America

171
Q

GSCI

A

Goldman Sachs Commodity Index

172
Q

GSE

A

Government Sponsered Enterprise

173
Q

GSEMB

A

Government Sponsered Enterprise Mortgage Backed

174
Q

GSEOTH

A

Goverment Sponsered Enterprise Other

175
Q

GU

A

Give up

176
Q

GUI

A

Graphical User Interface

177
Q

GUS

A

Give-up System

178
Q

HFS

A

High Frequency Trading - usually associated with traders that use an algorithm for trading

179
Q

HOUSE

A

House Origin - also known as NSEG or proprietary

180
Q

HSM

A

High Security Manager - related to SWIFT security

181
Q

HTB

A

Harris Trust Bank

182
Q

HW

A

Hardware

183
Q

IBAN

A

International Bank Account Number

184
Q

ICM

A

Individual Clearing Member - Clearing house member who is entitled to clear its own transactions, those of its direct customers and those of the locals, but not the transactions of floor brokers

185
Q

ICPS

A

iClear Position Services

186
Q

IDB

A

Inter-Dealer Broker - interact with a multitude of clients, often across many asset classes. They provide important services to the OTC market, and increased regulatory and industry focus on electronic confirmation presents opportunities to work with your clients to deliver a solution for broker confirmations within minutes of execution

187
Q

IEF

A

Interest Earning Facility

188
Q

iLink

A

CME Group FIX front-end system for automated connectivity to the FIX Gateway. It connects over an IP address and port using TCP/IP

189
Q

IM

A

Initial Margin - The amount a futures market participant must deposit at the time he places an order to buy or sell a contract

190
Q

IMM

A

International Monetary Market - The Financial Futures Market that is part of the CME

191
Q

ITL

A

International Transaction Log - Operated by the UN Framework Convention on Climate Change

192
Q

IOM

A

Index and Options Market Division

193
Q

IR Study

A

Infrared Electrical Inspection - a study of our electrical gear, done annually

194
Q

IRS

A

Interest Rate Swaps

195
Q

IRT

A

Incidence Response Team - relates to the team on the forefront in the event of a DR situation, comprised of various CME staff

196
Q

ISG

A

Information Services Group

197
Q

ISV

A

Independant Software Vendor

198
Q

ITC

A

Inter-Exchange Technical Committee

199
Q

ITD

A

Intra-day (settlement cycle)

200
Q

ITM

A

In the money - an option that would yield a positive value is exercised now

201
Q

ITSM

A

IT Service Management

202
Q

JPY

A

Japanse Yen, an FX currency

203
Q

JY

A

Japanese Yen, an FX currency

204
Q

KYC

A

Know your customer - shorthand used in emails and other correspondence

205
Q

LCH

A

London Clearing House

206
Q

LDRPS

A

Living Disaster Recovery Planning System - BCP group application to maintain all DR plans per department across the CME

207
Q

LIBOR

A

London Interbank Offered Rate

208
Q

LID

A

Last Intent Day - Final day that firms are allowed to enter their delivery intent to the Clearing House

209
Q

LIFFE

A

London International Financial Futures Exchange

210
Q

LOC

A

Letter of Credit - letter from a bank authorizing payment of a certain sum to a person or company, usually in another country

211
Q

LOV

A

Long Option Value - the monetary value of long option positions marked to the settlement price of the underlying contract

212
Q

LOX

A

Large Order Execution

213
Q

LP

A

Long Position - any long/buy position held by a firm during any given delivery cycle which is reportable and becomes eligible for delivery assignment

214
Q

LSOC

A

Legally Separated, Operationally Commingled - the basis for the complete legal segragation model, which determines how margin for cleared swaps will be held for the benefit of customers of a futures commission merchant

215
Q

LTD

A

Life to Date - Indicates statistical Information totaled for the life of an account to the current date

216
Q

MA

A

Margin Analyst - Member of financial unit team

217
Q

MBR

A

Member

218
Q

MBS

A

Service-Mortgage-Backed Securities

219
Q

MDP

A

Market Data Platform - produces market data messages

220
Q

MMMF

A

Money Market Mutual Fund

221
Q

MOBS

A

Market Observations - reference to snapshots taken of prices and positions for the Risk team to monitor clients and market conditions

222
Q

MOS

A

Mutual Offset - agreement between the CME and SGX. Trades executed on one exchange can be transferred to the books of a firm on the exchange.

223
Q

MOSSX

A

Simex Mutual Offset - Same as MOS

224
Q

MP

A

Mexican Peso, an FX currency

225
Q

MQM

A

Message Queuing Middleware - used by the CME to transmit trade data from and to clearing member firms on a real-time basis

226
Q

MRS

A

Member Reporting System - method used by floor brokers to receive their out trade sheets

227
Q

MSFT

A

Microsoft

228
Q

MTD

A

Month to Date - Indicates statistical information totaled for the month to the current date

229
Q

MTM

A

Marked to Market - refers to open opsitions marked to the latest settlement price to determine valuation

230
Q

MXN

A

Mexican Peso - an FX currency

231
Q

NAR

A

No Action Required

232
Q

NASCUS

A

National Association of State Credit Union Supervisors - Part of the SLC, along with CSBS and ACSSS

233
Q

NCM

A

Non-clearing member

234
Q

NCUA

A

National Credit Union Administration - Part of FFIEC, a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions

235
Q

NDF

A

Non-deliverable forwards - OTC US FX products via CME Clearport application

236
Q

NE

A

New Zealand Dollar - an FX currency

237
Q

NFA

A

National Futures Association

238
Q

NOIA

A

Notice of Intention to Accept - reference to emission reduction deliveries

239
Q

NOID

A

Notice of Intention to Delivery - Reference to emission reduction deliveries

240
Q

NOV

A

Net Option Value - The value of open option positions on a net basis

241
Q

NOK

A

Norwegian Krone - an FX currency

242
Q

NRML

A

Normal

243
Q

NSEG/House

A

House non-segregated - describes proprietary in house firm accounts

244
Q

NS/EP

A

National Security/Emergency Preparedness

245
Q

NYCC

A

New York Clearing Corporation

246
Q

NYMEX

A

New York Mercantile Exchange

247
Q

NYPC

A

Ney York Portfolio Clearing

248
Q

NZD

A

New Zealand Dollar - an FX currency

249
Q

OB

A

Or better - order execution type

250
Q

OC

A

Office Communicator

251
Q

OCC

A

Options Clearing Corporation

252
Q

OCC

A

Office of the Comptroller of the Currency - part of the FFIEC council, a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions

253
Q

OEMC

A

Local Office of Emergency Management and Communications - Fire and Police Departments

254
Q

OI

A

Open Interest - represents contracts left open on both long and short positions

255
Q

OIA

A

Office of Investigations & Audits

256
Q

ONA

A

Organization and Account

257
Q

OOB

A

Out of Balance - used to describe reconciliation discrepencies for either contracts or monetary balances

258
Q

OOF

A

Option on Future

259
Q

OOO

A

Out of office

260
Q

OOP

A

Option on Physical

261
Q

OP

A

Option premium - amount paid to the seller from the buyer for an option transaction

262
Q

OPPT

A

Option Premium Pass Thru

263
Q

ORC

A

Opportunity Resource Committee - High level executive corporate team tasked with measuring and evaluating large scale projects across the CME

264
Q

OTC

A

Over the counter - a non exchange transaction between two parties

265
Q

OTI

A

Order type Indicators

266
Q

OTM

A

Out of the Money

267
Q

OTP

A

Order to Pay

268
Q

P&S

A

Purchase and Sale

269
Q

P&L

A

Profit and Loss

270
Q

PB

A

Performance Bond

271
Q

PB A/C

A

Performance Bond Account

272
Q

PCS

A

Gross Position Change Submission

273
Q

PCTL

A

Production Control

274
Q

PMP

A

Performance Management Process

275
Q

PIN

A

Personal Identification Number

276
Q

PLA

A

Project Leadership Associates

277
Q

PNT

A

Privately Negotiated Trades

278
Q

POC

A

Proof of Concept or Point of Contact

279
Q

POP

A

Point of Presence Report

280
Q

POS A/C

A

Position Account

281
Q

PRS

A

Price Reporting System

282
Q

PSTN

A

Public Switched Telephone Network

283
Q

QIS

A

Quantitative Impact Study

284
Q

QPE

A

Quality and Process Excellence

285
Q

RA

A

Risk Analysis

286
Q

RACF

A

Resource Access Control Facility

287
Q

RAP

A

Rapid Access Point

288
Q

RDC

A

Remote Data Center

289
Q

REBS

A

Regulatory Exchange Business Systems

290
Q

RFQ

A

Request for Quote

291
Q

RM

A

Relationship Manager

292
Q

RMA

A

Relationship manager Applicatication

293
Q

RQMTS

A

Requirements

294
Q

RTH

A

Regular Trading Hours

295
Q

RTO

A

Recovery Time Objective

296
Q

RU

A

Russian Ruble

297
Q

SAG

A

Settlements are Good / SWIFT Alliance Gateway

298
Q

SAN

A

Storage Area Network

299
Q

SDR

A

Swap Data Repository

300
Q

SEC

A

Securities and Exchange Commission

301
Q

SECR

A

Security Deposit

302
Q

SEF

A

Swap Execution Facilities

303
Q

SEG

A

Segregated Account

304
Q

SEK

A

Swedish Krona

305
Q

SET A/C

A

Settlement Account

306
Q

SFU

A

Senior Financial Unit Staff

307
Q

SGX/SIMEX

A

Signapore Exchange

308
Q

SI

A

Solutions Implementation

309
Q

SIPN

A

SWIFT Secure IP Network

310
Q

SLA

A

Service Level Agreement

311
Q

SLC

A

State Liaison Committee

312
Q

SLEDS

A

Single line entry of Differential Spreads

313
Q

SMDPs

A

Securities market data providers

314
Q

SME

A

subject matter expert

315
Q

SOD (2)

A

start of day or Securities on Deposit

316
Q

SOM

A

Short Option Minimum

317
Q

SOP

A

Standard Operating Procedures

318
Q

SOV

A

Short Option Value

319
Q

SP

A

S&P 500

320
Q

SPAN

A

Standard Portfolio Analysis of Risk

321
Q

SPOF

A

Single points of failure

322
Q

SSCP

A

SWIFT’s Security Control Policy

323
Q

SSF

A

Single Stock Futures

324
Q

SSL

A

Secure Sockets Layer

325
Q

STP

A

Straight through Processing

326
Q

SVDA

A

Settlement Variation Daily Adjustment

327
Q

SVIEF

A

Settlement Variation Interest Earning Facility

328
Q

SVOP

A

Settlement Variation Option Premium

CME (2 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions