Category: F

  • Forwardation

    ResourcesSee AlsoContango Futures Trading Consumer Protection Consumer Finance

  • Force Majeure

    Concept of Force Majeure in Futures TradingIn this context of financial law, the following is a definition of Force Majeure: A clause in a supply contract that permits either party not to fulfill the contractual commitments due to events beyond their control. These events may range from strikes […]

  • Full Carry

    Full Carrying Charge, Full CarryResourcesSee AlsoCarrying Charges Futures Trading Consumer Protection Consumer Finance

  • Forward

    Concept of Forward in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A contract involving the sale by one party and the purchase by another party of a predefined amount of an underlying instrument, at a predefined price and a predefined date […]

  • Futures Industry Association

    Concept of Futures Industry Association (FIA) in Futures TradingIn this context of financial law, the following is a definition of Futures Industry Association (FIA): (FIA): A membership organization for futures commission merchants (FCMs) which, among other activities, offers education courses […]

  • Foreign Board of Trade

    Concept of Foreign Board of Trade in Futures TradingIn this context of financial law, the following is a definition of Foreign Board of Trade: A futures exchange based outside the United States. Foreign boards of trade that wish to offer direct access in the U.S. must register with the CFTC.

  • Five Against Note Spread

    Concept of FAN (Five Against Note) Spread in Futures TradingIn this context of financial law, the following is a definition of FAN (Five Against Note) Spread: A futures spread trade involving the buying (selling) of a five-year Treasury note futures contract and the selling (buying) of a […]

  • Forced Liquidation

    Concept of Forced Liquidation in Futures TradingIn this context of financial law, the following is a definition of Forced Liquidation: The situation in which a customer’s account is liquidated (open positions are offset) by the brokerage firm holding the account, usually after notification that […]

  • Floor Broker

    Concept of Floor Broker in Futures TradingIn this context of financial law, the following is a definition of Floor Broker: A person with exchange trading privileges who, in any pit, ring, post, or other place provided by an exchange for the meeting of persons similarly engaged, executes for […]

  • First Notice Day

    Concept of First Notice Day in Futures TradingIn this context of financial law, the following is a definition of First Notice Day: The first day on which notices of intent to deliver actual commodities against futures market positions can be received. First notice day may vary with each […]

  • Forward Rate Agreement

    Forward Rate Agreement (fra)Concept of Forward Rate Agreement (fra) in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): An OTC (over the counter) contract, similar to a future contract, but where the tenor of the contract is bespoke to that […]

  • Floating Rate Note (frn)

    Floating Rate Note (frn)Concept of Floating Rate Note (frn) in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A bond which pays a floating rate of interest.ResourcesSee AlsoDerivatives Contract

  • Fill Order

    Concept of Fill or Kill Order (FOK) in Futures TradingIn this context of financial law, the following is a definition of Fill or Kill Order (FOK): An order that demands immediate execution or cancellation. Typically involving a designation, added to an order, instructing the broker to offer or […]

  • Fungibility

    Concept of Fungibility in Futures TradingIn this context of financial law, the following is a definition of Fungibility: The characteristic of interchangeability. Futures contracts for the same commodity and delivery month traded on the same exchange are fungible due to their standardized […]

  • Futures Commission Merchant

    Concept of Futures Commission Merchant (FCM) in Futures TradingIn this context of financial law, the following is a definition of Futures Commission Merchant (FCM): Individuals, associations, partnerships, corporations, and trusts that solicit or accept orders for the purchase or sale of any […]