Mindblown: a blog about philosophy.
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Major Security-Based Swap Participant
ResourcesSee AlsoMajor Swap Participant and 7 USC 1a(32) Futures Trading Consumer Protection Consumer Finance
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Co-Location
Concept of Co-Location in Futures TradingIn this context of financial law, the following is a definition of Co-Location: The placement of servers used by market participants in close physical proximity to an electronic trading facility’s matching engine in order to facilitate high-frequency trading.
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Term Sheet
Concept of Term Sheet in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A document produced prior to execution indicating the financial terms and conditions of a specific transaction. The term sheet does not constitute a confirmation, or a […]
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Pip
Concept of Pip in Futures TradingIn this context of financial law, the following is a definition of Pip: The smallest price unit of a commodity or currency.
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Gamma
Concept of Gamma in Futures TradingIn this context of financial law, the following is a definition of Gamma: A measurement of how fast the delta of an option changes, given a unit change in the underlying futures price; the ‘delta of the delta.’
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Licensed Warehouse
Concept of Licensed Warehouse in Futures TradingIn this context of financial law, the following is a definition of Licensed Warehouse: A warehouse approved by an exchange from which a commodity may be delivered on a futures contract. See Regular Warehouse.
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Preceding Business Day Convention
Concept of Preceding Business Day Convention 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 backwards to the preceding good business day.ResourcesSee […]
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Limit
Concept of Limit (Up or Down) in Futures TradingIn this context of financial law, the following is a definition of Limit (Up or Down): The maximum price advance or decline from the previous day’s settlement price permitted during one trading session, as fixed by the rules of an exchange. In […]
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Calypso
Concept of Calypso in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A single integrated platform that supports trading, risk management and processing (real-time monitoring) for credit, interest rate, equity, commodity and foreign exchange […]
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Request for Quote
Concept of Request for Quote in Futures TradingIn this context of financial law, the following is a definition of Request for Quote: A trading system or platform whereby market participants transmit a request for buy or sell prices for a specific instrument and transaction size to other market […]
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Call
Concept of Call in Futures TradingIn this context of financial law, the following are some alternative definitions of Call: (a) An option contract that gives the buyer the right but not the obligation to purchase a commodity or other asset or to enter into a long futures position at a specified […]
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Forwardation
ResourcesSee AlsoContango Futures Trading Consumer Protection Consumer Finance
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Proprietary Account
Concept of Proprietary Account in Futures TradingIn this context of financial law, the following is a definition of Proprietary Account: An account that a futures commission merchant (FCM) carries for itself or a closely related person, such as a parent, subsidiary or affiliate company, general […]
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Trading Facility
Concept of Trading Facility in Futures TradingIn this context of financial law, the following is a definition of Trading Facility: In general, a person or group of persons that provides a physical or electronic facility or system in which multiple participants have the ability to execute or […]
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Terminal Market
Concept of Terminal Market in Futures TradingIn this context of financial law, the following is a definition of Terminal Market: Usually synonymous with commodity exchange or futures market, specifically in the United Kingdom.
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