Definitions Flashcards

Definitions and Terminology

1
Q

Floor Broker

A

Work on the floor of an exchange and fill orders from thier own Inventories or match incoming buy and sell orders from customers.

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

Floor Trader

A

Trade thier own accounts on trading floor.

“Also called locals”

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

Clearing Houses

A

Affilated with Future Exchanges, they ensure financial integrity of the market place by guranteeing futures trades. “They are a counter-party”

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

IMM

A

Part of the CME Group, trades currencies and interest rate futures.

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

The CME Group

A

Worlds largest Futures and Options Exchange.

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

Closing Range

A

A range of prices at which future transactions took place during the close of the market.

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

Settlement Date

A

Last trade of the day.

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

Tick

A

Minimal price change for a particular contract.

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

Clearing Member

A

A firm that is a member of a clearing house associated with an exchange and has responsibilty for settling customer trades.

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