Futures Trading Glossary
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | X | W | Y | Z
Source: National Futures Association; published here with permission. This publication (Glossary of Futures Terms - An Introduction to the Language of the Futures Industry)
is the property of the National Futures Association.
Last Trading Day
The last day on which trading may occur in a given futures or option.
Leverage
the ability to control large dollar amounts of a commodity with a comparatively small amount of capital.
Limit
See Position Limit, Price Limit, Variable Limit.
Liquidate
To take a second futures or options position opposite to the initial or opening position. To sell (or purchase)
futures contracts of the same delivery month purchased (or sold) during an earlier transaction or make (or take)
delivery of the cash commodity represented by the futures market. Also referred to as Offset.
Liquidity (Liquid Market)
A characteristic of a security or commodity market with enough units outstanding to allow large transactions
without a substantial change in price.
Local
A member of an exchange who trades for his own account or fills orders for customers.
Long
One who has bought futures contracts or owns a cash commodity.
Low
The lowest price of the day for a particular futures contract.
Source: National Futures Association; published here with permission. This publication (Glossary of Futures Terms - An Introduction to the Language of the Futures Industry)
is the property of the National Futures Association.
|
