Category: M
-
Mixed Swap
Concept of Mixed Swap in Futures TradingIn this context of financial law, the following is a definition of Mixed Swap: A mixed swap is a swap that has characteristics of both a swap and a security-based swap. For example, a credit default swap on a single firm that includes contingencies based […]
-
Market Maker
Concept of Market Maker in Futures TradingIn this context of financial law, the following is a definition of Market Maker: A professional securities dealer or person with trading privileges on an exchange who has an obligation to buy when there is an excess of sell orders and to sell when there […]
-
Made Available to Trade
Concept of Made Available to Trade in Futures TradingIn this context of financial law, the following is a definition of Made Available to Trade: Swaps trades that are subject to the clearing mandate, and that have been “Made Available to Trade” by a DCM or SEF must be executed on a […]
-
Minimum Trading Functionality
Concept of Minimum Trading Functionality in Futures TradingIn this context of financial law, the following is a definition of Minimum Trading Functionality: Refers to standards for market microstructure that all Swap Execution Facilities (SEFs) must offer. Generally, Minimum Trading […]
-
Managed Money Trader
Concept of Managed Money Trader (MMT) in Futures TradingIn this context of financial law, the following is a definition of Managed Money Trader (MMT): A futures market participant who engages in futures trades on behalf of investment funds or clients. While MMTs are commonly equated with hedge […]
-
Market-on-Opening
Concept of Market-on-Opening in Futures TradingIn this context of financial law, the following is a definition of Market-on-Opening: An order to buy or sell at the beginning of the trading session at a price within the opening range of prices.
-
Marking the Close
Concept of Marking the Close in Futures TradingIn this context of financial law, the following is a definition of Marking the Close: A manipulative or disruptive trading practice whereby a trader buys or sells a large number of futures contracts during the closing period of a futures contract […]
-
Mezzanine Tranche
Concept of Mezzanine Tranche in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A tranche in the capital structure that is subordinated to the senior tranche, but is senior to the equity tranche. For example, a tranche with a 4%-8% […]
-
Minimum Tick
ResourcesSee AlsoMinimum Price Fluctuation Futures Trading Consumer Protection Consumer Finance
-
Multilateral Clearing Organization
ResourcesSee AlsoClearing Organization Futures Trading Consumer Protection Consumer Finance
-
Major Swap Participant
Concept of Major Swap Participant (MSP) in Futures TradingIn this context of financial law, the following is a definition of Major Swap Participant (MSP): A designation in the Commodity Exchange Act as amended by the Dodd-Frank Act for large traders in swap markets that are not swap dealers. […]
-
Market-on-Close
Concept of Market-on-Close in Futures TradingIn this context of financial law, the following is a definition of Market-on-Close: An order to buy or sell at the end of the trading session at a price within the closing range of prices. See Stop-Close-Only Order.
-
Mini
Concept of Mini in Futures TradingIn this context of financial law, the following is a definition of Mini: Refers to a futures contract that has a smaller contract size than an otherwise identical futures contract.
-
MMBTU
Concept of MMBTU in Futures TradingIn this context of financial law, the following is a definition of MMBTU: Million British Thermal Units, the unit of trading in the natural gas futures market.
-
Modified Following
Concept of Modified Following in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A type of business day convention where payment days that fall on a bad business day roll forward to the next good business day unless that day falls in the next […]