holylove jewelry wholesale May I ask the difference and connection between foreign currency and futures, thank you

lg jewelry wholesale Foreign currency, that is, foreign exchange itself is an explanation of foreign currency's noun refers to the foreign currency except for the use of currencies of the motherland, but now it means that the foreign exchange market is a kind of futures! But it is also not equal to foreign currency. Let me introduce you what futures are!
Futures term interpretation

Futures transactions: refers to the transaction price specified by the contract, but the transaction price specified in the contract is The quantity is to perform the transaction of the delivery procedures after the agreed delivery period.

Futures contract: Futures contract is a long -term contract or protocol for delivery of certain quantities and quality products at a certain time in the future. It is reached in the trading hall of the approved exchange and has legal binding power. Compared with the spot contract, it has a standardized format; it is convenient for transfers to buy and sell; the proportion of real goods delivery is small; the performance rate is very high. The futures exchange contract stipulates the quantity, quality, delivery place, and delivery time of the standardization. As for the futures price, it changes with the changes in the market.

The long -term contract: The contract signed by the buyer and seller according to the special needs of the buyer and seller.

This contracting contract: It is a contract signed by both parties to the two parties to exchange certain assets in the future. To be more accurate, the drop -off contract is a contract signed between the parties to exchange cash flows that they think they think of equal economic value within a certain period of time. More common is the interest rate drop contract and currency swap contract.

Futures market: It is a place for futures transactions, which is the sum of various periods of transaction relationships. It is a highly organized and highly standardized market form developed on the basis of the spot market in accordance with the principle of "openness, fairness and justice". It is both an extension of the spot market and another advanced development stage of the market. From the perspective of organizational structure, the futures futures market includes futures exchanges, settlement houses or settlement companies, brokerage companies and futures traders; the futures futures market refers only to futures exchanges.

Futures exchange: It is a place for trading futures contracts and is the core of the futures market. It is a non -profit institution, but its non -profitability refers to the exchanges that do not conduct trading activities itself, and do not mean not to talk about accounting for the purpose of profit. In this sense, the exchange is also a financial independent profit organization. It provides a reasonable, fair, and fair trading place and effective supervision service based on the traders, including membership fees and transaction fees, including membership fees and transaction fees. Income, information service income and other income. The set of institutional rules it formulates provides a self -management mechanism for the entire futures market, allowing the principle of "openness, fairness, and fairness" of futures transactions.

Futures broker: It refers to an intermediary organization that agent the futures transaction and collect a certain handling fee established in the name of its own names, which are generally referred to as the periodical brokerage company.

The interior transaction: Also known as the exchange transaction, which refers to the transaction method of all the supply and demand parties on the exchange of bidding transactions. This transaction method has the characteristics of collecting margin from trading participants, and is also responsible for liquidation and responsibility for performance guarantee.

The external transaction: Also known as counter transactions, referring to the transaction method of the transaction directly becoming a trading opponent. There are many forms of this transaction method, which can design products with different contents according to the different needs of each user.

The listing varieties: refers to the targets of futures contract transactions, such as corn, copper, oil, etc. represented by the contract. Not all products are suitable for futures transactions. Among the many physical products, generally speaking, only products with the following attributes can be used as a listing of futures contracts: First, price fluctuations are large. The second is the large supply and demand. The third is easy grading and standardization. Fourth, it is easy to store and transport. According to the transaction variety, futures transactions can be divided into two categories: commodity futures and financial futures. Using physical products such as corn, wheat, copper, aluminum, etc., as the product of futures. Financial products, such as exchange rates, interest rates, stock indexes, etc., are financial futures as futures varieties. Most of the financial futures varieties do not have quality problems, and most of the delivery also adopts the cash settlement method of differential settlement. There are mainly copper, aluminum, soybeans, wheat and natural rubber in China.

Cope futures: Commodity futures are futures contracts for physical goods. Commodity futures have a long history and many types, mainly including agricultural and sideline products, metal products, and energy products. Specifically, there are about 20 kinds of agricultural and sideline products, including corn, soybeans, wheat, rice, oats, barley, rye, pork belly, live bull, calf, soybean powder, cocoa, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton, cotton Wool, sugar, orange juice, rapeseed oil, etc. Among them, soybeans, corn, and wheat are called three major agricultural futures: 9 types of metal products, including gold, silver, copper, aluminum, lead, nickel, rake, platinum; chemical industry There are 5 products, including crude oil 3, heating oil, lead -free ordinary gasoline, propane, and natural rubber; there are 2 kinds of forestry products, including wood and splints.
Chat futures transactions: Commodity futures transactions are the sale of "standardized contracts" (that is, "futures contract") representing specific commodities.

Financial futures: refers to futures contracts based on financial instruments. As one of the futures transactions, financial futures have the general characteristics of futures transactions, but compared with commodity futures, their contractual objects are not physical products, but traditional financial products, such as securities, currencies, exchange rates, interest rates, etc.
The interest rate futures: refers to futures contracts based on bond securities as the target, which can avoid the risk of securities price changes caused by bank interest rate fluctuations.
Currency futures: Also known as foreign exchange futures, it is a futures contract with the exchange rate as the target, which is used to avoid exchange rate risks.

The stock index futures: a financial futures contract with the stock price index as the target.
options: also known as options, option transactions are actually a buy and sell for rights. This right means that investors can buy or sell a certain number of "commodities" from the seller of the option at any time to determine the price (called the associated price) at any time (called the associated price). How the price of this "commodity" changes. Option contracts make agreement on the term, agreement price, the number of transactions, and types. During the validity period, the buyer can freely choose to exercise the right to resale; if it is unfavorable, you can give up this right; exceeding the prescribed period, the contract is invalid, and the options of the buyer will be automatically invalidated. Options are divided into bullish options and loser options.

The bullish options: refers to the right to buy a certain number of subject matter at the effective price of the option contract within the validity period.

The options: refers to the right to sell the target objects at the execution price within the validity period of the option contract.

Olisted buyers: bullish options or buying options buyers. Option buyers have the right to bear a certain futures, but not obligations. Also known as option holders.
options seller: earn the right to sell options contracts through selling options contracts, and those who have the right to perform their rights when the option holder requires the exercise of rights. Also known as seller.

European options: refers to options that are allowed to be enforced only during the contract date, and it is adopted in most off -site transactions.

US options: refers to the options that can be executed at any day after the transaction.

Opidal options: options with inherent value. When the final price of the options was lower than the market price of the relevant futures contract, the bullish period should have connotative value. When the final price of the declining options was higher than the market price of the relevant futures contract, it was time to see that the declining options had connotative value.

If virtual options: options that do not have connotative value, that is, the bullish options of the futures price at that time or below the price of the futures price at that time.

The interest rate drop transactions: It is an exchange transaction between different types of interest rates of the same currency funds, and generally does not accompany the principal exchange.

The currency swap transaction: refers to the exchange transaction between the two currencies, in general, it refers to the principal exchange of two currency funds.

Foreign exchange trading by gold: refers to a long -term foreign exchange trading method conducted between financial institutions and financial institutions and investors. During the transaction, traders can only perform 100%amount transactions by paying only 1%to 10%of the deposit (security deposit).

The adjustable futures price: Futures price equivalent to the spot price. Calculation method: use the futures price to multiply to a specific financial securities (such as the treasury coupon) for delivery.

The setting value preservation transactions: The hedging of the hedging refers to the futures contract of the same type of commodity in the futures market trading in the futures market, and then regardless of the spot supply market How to fluctuate the price and eventually achieve the result of losing losses in one market at the same time in another market profit, and the loss amount is roughly equal to the profit amount, thereby achieving the purpose of avoiding risks.
Multi -header period preservation: Multi -header period preservation refers to a trader who first buy futures in the futures market, so that when buying in the future market, it will not cause a futures trading method that causes economic losses due to rising prices. Essence
Ilier hedging: Selling futures contracts to prevent losses caused by price declines when selling existing goods in the future. When selling existing goods, the previously sold futures contracts will be relative to the same number, category and delivery month by buying another number of futures, to end the value preservation. Also known as value preservation during sale.

Thestables for dating: own or plan to have spot products such as corn, soybeans, wheat, government bonds, etc., and worry about individuals or companies who will not change the prices before the actual buying and sell these products in the spot market. Essence The hedging of the setting period is the same futures contract with the same product products in the futures market, and at some time in the future, the empty disk contract held by the same futures contract in the same futures contract, and avoid this method to avoid this method to avoid Price changes have caused 'losses caused by trading in the spot market.
The national bond repurchase business: The national debt repurchase business means that the buyers and sellers of the buyer and sellers are agreed in the future at the same time in the future at a certain price and the same amount. The seller, the original seller becomes the buyer). The development of this business is conducive to the coupon party and some employers to adjust their investment portfolio, and the holding rate of the holding of national debt is fully reflected.
The national bond futures transaction: Treasury futures transaction refers to the contract transactions reached by the national bond and sellers through public bidding at a public bidding at a certain period of time in the future. Due to the prosperity of speculative speculation and the chaos in the order of government bond futures transactions, the China Securities Regulatory Commission decided on May 17, 1995 to suspend the trial of the Treasury bond futures transaction.

If settlement: Refers to business activities that calculate and allocate membership trading deposits, profit and loss, handling fees, mounts and other related funds in accordance with the transaction results and exchanges.
. Settlement member: member of the exchange bill exchange house. Such membership qualifications are usually owned by companies or enterprises. Settlement members are responsible for the financial undertaking capabilities of the customer's settlement transaction.
The margin: sometimes also known as gold. In the deposit transaction, the buyers and sellers only need to pay a small deposit to the broker. The purpose of paying the margin is two: (1) Protecting the interests of the brokerage bank. When the client cannot pay for some reason, the brokerage bank compensates for the deposit. (2) To control the speculation of the exchange. Under normal circumstances, the deposit is about 10 % of the total transaction contract. From the essence of margin, it is a capital that traders pay the commodity settlement office by the broker and do not calculate any interest to ensure that traders have the ability to pay commissions and possible losses. But the transaction margin is by no means a deposit of trading futures.
The initial margin: Traders of futures markets must deposit the minimum performance deposit of their deposit accounts in accordance with regulations when placing a futures contract.

Cleeping margin: Make sure that settlement members (usually companies or enterprises) have the financial guarantee of their customers' futures and option contracts. The settlement margin is different from the customer performance deposit. Customer performance margin is stored at the agent, while the settlement margin is stored in the bill exchange house.
The performance deposit: The deposit that the futures contract and seller are stored in the transaction account to ensure the performance of the contract. Commodity futures margin is not a payment of stocks, nor is it a prepaid deposit for trading the product, but a good reputation deposit.

The maintenance deposit: Customers must maintain the minimum margin amount in its deposit account.
The closing price range: the price area of ​​buying and selling transactions when the market close.
Call settlement price: settlement price for the last trading day of the futures contract. The price of delivery of goods is based on the settlement settlement price, coupled with the quality of the quality of different levels of commodities, as well as the promotion water of the in -site delivery warehouse and the benchmark delivery warehouse.

The bullish: The expected price will rise.
The people who think of the price: those who think the price will fall.

The news: news that leads to rising market conditions.
The news: news that caused market conditions to fall.

able for the market during the decline in price.
The bull market: market during the rise in price.

The set of periods: buy and sell two related products at the same time, and hope to make a profit when hedge trading parts in the future. For example, buying and selling futures contracts with the same commodity, but different mounting months; buying and selling the same delivery month, the same commodity, but different exchanges of futures contracts; buying and selling the same delivery month, but different goods Futures contracts (but there is a relationship between the two products).

Texing for a bear market period: a transaction method for most goods and financial instrument futures, which means that the recent contracts are sold, buying a long -term contract, and using the related price of different contract months to the related price relationship Change and profit.
Ceremum marketing: a futures trading method for most commodities and financial instruments, which means buying recent contracts, selling forward contracts, and using changes in the related price relationship of different contracts to profit Essence

Thestylite of butterfly -type period: one of the forms of futures transactions. It means that the two transactions are opposite but shared a intertwined month -cut month. The monthly set period graphic transaction, such as: 3 March contract / short June contract / buy short September contract.

Is to sell one or more option contracts while buying one or more option contracts.

The horizontal sequential map profit: While buying a bullish or falling options, it is based on the same performance price, but the options of the same commodity type are sold during the expiration month. Also known as Cross -Monthly Setomic Tuye.

The vertical sequential map profit: buying and selling the same expiration month, but differently finalized the price of options contracts or the bonus option contract.

The cross -commodity set of maps: Buy a certain kind of commodity futures contract that is set for a established mounting month, and sells futures contracts with the same delivery month but different commodities. Also known as the cross -commodity market period, such as buying wheat in July, selling corn in July.

The intersection cutting period map: Buy a established commodity futures contract for a certain mounting month, and sells the same commodity of the same exchange, but the futures of the same exchange month. Also known as market arbitrage, such as buying wheat in July at the same exchange and selling wheat in December.

This Settlement of Settlement: Selling a futures contract on a exchanges, and a futures contract of the same type and the same type of commodity at another exchange. The price difference between the two markets is profitable, such as selling Wheat Futures in December in the Chicago Futures Exchange, and buying Wheat Futures in December at the Kansas Futures Exchange.

set of exchange: set exchange refers to the use of different foreign exchange markets, different currency types, different delivery time, and differences in some currency exchange rates and interest rates. Out of foreign exchange trading that earns profits from it. The set of foreign exchange can generally be divided into three forms: place of exchange, time set and arbitrage. There are two types of place settlement. The first is a direct set of foreign exchange. Also known as the two -place settlement, it is the difference between the occurrence of a certain currency exchange rate in two different foreign exchange markets. At the same time, it is expensive to buy expensive sales in the market of the two places, so as to earn the difference in profit margin of the exchange rate. The second is indirect settlement, also known as three places. When the exchange rate difference occurs in three or more places, the same currency is used to buy expensive sales at the same time, and earn difference in profit. Time set is also known as the periodic transaction. It is a transaction method that combines time -period trading and long -term trading. It is for the purpose of preserving value. Generally, two transactions of two -term and long -term transactions between the two funds to avoid risks caused by changes in exchange rates. By arbitrage, also known as interest sets, uses the differences in interest rates in the foreign exchange market of the two countries to adjust short -term funds from a low interest rate market to a high interest rate market, thereby earning interest income.

The arbitrage: a trading technology that the speculators or hedges can use, that is, buy spot or futures products in a market, and sell the same or similar products in another market, and hope that The two transactions will generate a spread and profit.

Per speculation transactions: refers to futures trading behavior of the purpose of acquiring price differences in the futures market. The speculators make a decision to buy or sell according to their judgment on the futures price trend. If the judgment of 333 is the same as the market price trend, the speculators can obtain speculative profits after leaving the position; Then the speculators bear speculative losses after leaving the position.
Muctive market behavior: refers to the institutions and households involved in market transactions, in order to obtain huge profits, deliberately violated the national futures transaction regulations and the trading rules of the exchange, and violated the principles of disclosure, fairness, and fair monetary market. Doron or conspiracy to use improper means, severely distort the market price of futures market, and disrupt market order.

In short: I believe the price will rise and buy the futures contract.
Ollarly: Seeing the price and selling futures contracts called "selling short" or "short bears", that is, short trading.

The delivery: The spot commodity transfer carried out between futures contract sellers and futures contract buyers. Each exchange has specific steps for the delivery of spot goods. Some futures contracts, such as the delivery of the stock index contract, adopt a cash settlement method.

The delivery day: According to the provisions of the Chicago Futures Exchange, the 3 delivery date is the third day within the delivery process. The contract buyer settlement company must send the delivery notice on the delivery date, together with a full guarantee check check to the office of the contract seller settlement company.

Is real delivery: refers to the trading and sellers of futures contracts when the contract expires, according to the rules and procedures formulated by the exchange, through the transfer of the ownership of the subject matter of the futures contract, the expiration of the unable to litter contract will be carried out on the maturity contract. Acting. Commodity futures transactions generally use physical delivery.
Cash delivery: refers to the settlement price of the settlement price when the settlement price is settled at the end of the maturity line futures contract.

Recently (delivery) month: The monthly futures contract of the delivery period, also known as the spot month.
The long -term (delivery) month: contract month with a long delivery period, compared to the recent (delivery) month.

It litage: 1) The additional expenses paid by the exchanges regulations on the delivery standards higher than futures contract delivery standards. 2) Refers to the price relationship between a certain commodity in different cuts. When the price of a month is higher than the price of the other month, we say that the higher price month is rising at the lower price month. 3) When the transaction price of a certain securities is higher than the value of the securities, it is also known as a water lift or premium.

This warehouse: The trading behavior of starting to buy or sell futures contracts is called "opening warehouse" or "establishment of transaction parts".

MON: Before the expiration of the physical delivery, investors can buy or sell futures contracts from local decisions according to market conditions and personal wishes. Investors (do multiple or short) are not for the delivery month and the same weight (selling or buying), and holding a termination contract is called "holding".

The positioning: The trader is called "liquidation" or "hedge" of the contract in the contract for reverse transactions.

If positions: Exchange members or customers in order to hold positions to affect prices, manipulate the market, and use other membership seats or other customers to engage in futures transactions on the exchange, avoiding the exchanges' position holdings. Its total positioning in each seat exceeds the limited edition of the exchanges to the customer or membership.

The movement of the position (punch): The exchange members transfer the positions in one seat to another in order to create a market illusion or transfer profit.
Paping: Exchange members or customers in order to create a market illusion, attempt or actually seriously affect futures prices or market holdings, deliberately collude, and conduct transactions or buying and selling behaviors in accordance with the method or price agreed in advance.
. Forced warehouses: members or customers of futures exchanges use the advantages of funding to control futures trading positions or monopoly available goods that can be raised or lowering the futures market price, excessive positioning and delivery, forcing the other party to default Or at a disadvantaged price to get a liquidation to make huge profits. Depending on the operation method, it can be divided into two methods: "more" more "and" empty ".

In short -term short: In some small varieties of futures transactions, when the marketor's expected spot goods are insufficient, that is, to establish a sufficient long position in the futures market with the advantages of funding to increase to raise to raise to increase Futures prices, at the same time, a large number of acquisitions and accumulation can be used for delivery, so the price of the spot market has increased at the same time. In this way, when the contract is approaching the delivery, the pursuit of short members and customers will either buy a futures contract at a high price to recognize the liquidation; or buy the spot for physical delivery at high prices, and even be fined for breach of contract because it cannot be handed over. The holder can make huge profits from it.
It empty force: Manipulating markets use funds or physical advantages to sell a large number of futures contracts in the futures market, so that the short positions they have exceeded that they can undertake the ability of the physical. As a result, the price of the futures market fell sharply, forcing speculative long -headed contracts to sell the contract at a low price to confess compensation, or was fined a breach of contract due to funding power to get a fine of liquidation.
S specified site: The seller of the options contract enters the instructions of a certain periodic goods to fulfill its obligations. If the seller of the bullish period will bear the short futures part when the buyer's request to perform the contract, and see that the seller of the decline will bear the bulls of futures when the buyer's request to perform the contract.

The transaction site (position): a market agreement. Futures contract buyers are at a long part (buy short), and futures contract sellers are in short (short -selling) parts.

Berebone agent: For futures commissions, introduced agents, commodity trading consultants or commodity joint venture fund managers to pull orders, customers or customer funds.
If membership or informal member qualifications: a member qualification of the Chicago Futures Exchange. Individuals with joint member qualifications can conduct futures trading of financial futures and other designated products.
Two levels of options: option contracts for pricing (performance price) at that time or approximate options at that time or approximately equal options at that time.

: indicates the maximum price, lowest price and settlement price of a trading disk within a certain period of time.

The difference between the same product at that time at that time and the difference between the price of the spot market and the futures market.
It handle: I hope to buy the price of the product at a certain price level, which is relative to the hair disk.

In brokers: companies or individuals who execute futures and option contracts for finance, commercial institutions or general public.
Can storage expenses: The storage and insurance premiums paid during the period of holding spot goods (such as grains or metals), in the interest rate futures market, means interest fees paid by funds. Also known as holding costs or positions.
Conal inventory: It is mainly used in the grain market, which means that the previous sales annual balance inventory is transferred to the inventory of the next sales year.

Stock products: The actual products of buying or selling, such as soybeans, corn, gold, silver, and treasury coupons, etc., also known as actual goods.

The spot market: place where actual commodities are traded, namely grain warehouses, banks, etc.

The spot contract: Sales protocol signed for immediately or in the future.

The spot price: usually refers to the spot market price of actual commodities that can be delivered immediately.

Cash settlement: Usually used for exponential futures contract transactions. The settlement method is based on the spot value of the last trading day index based on the cash settlement index futures contract. Different from delivery according to the designated goods or financial instruments.
Chart method: use charts to analyze market behavior, the method of market price trend is expected to be expected to be used. Technical analysis factions use charters to calculate the highest price, lowest price, settlement price, average price change, transaction volume and air disk volume. The form of the two basic price charts is a strip diagram and a dot diagram.

The most economical (cheap) delivery method: to determine which spot bonds have the largest calculation method to profit when they are delivered according to futures contracts.

Plilation of commodity option market: a member qualification provided by the Chicago Futures Exchange. Individuals with such membership qualifications can be traded in the classification of commodity option market.

. Commission: The fee charged by the broker to execute the transaction instruction.

Clasting: futures market term. It means that as futures contracts approach the expiration date, the spot price and futures price tend to be

, that is, the basis will tend to zero.

The interest ticket: Bond issuer promises to pay the bond interest on the creditors regularly before the bond expires. This interest rate is calculated every year.

Agricultural crop sales year: Agricultural products from the time of the harvest season to the next year's harvest season. The sales year between various agricultural products are slightly different. For example, the annual soybean sales year is September 1st, August 31st. The last contract month of the old crops.

In cross -value preservation: When the current spot is preserved for a certain spot commodity, but there is no futures contract with the same type of commodity, it can be used to preserve the value of the product with the same price development trend to preserve the spot product for value preservation. Essence
The current income: Bond interest to the market price of bonds at that time.
Daily traders: Before the close of the daily transaction, all the futures and option contracts that will be bought on the day will be closed.

Delivery level: When the real goods must be delivered in accordance with the futures contract, the standard -level products or financial instruments provided according to the relevant rules of the exchange.
The butterfly: The way to calculate the change in the amount of right to the period of calculation, that is, the change among the option rights caused by changes in the futures price of each unit. Butterflies are usually explained as the possibility of changes in related futures price changes that can make the option contract have connotative value at the time of expiration.
Gap: The price difference between the same type of commodity level, taste and different delivery locations.

minimum price: the minimum price change allowed in a contract transaction. Also known as the minimum price fluctuation.
A balanced price: market price when the supply of goods and demand is equal.
The final price: to buy or sell the price agreed on the options or sell options. Also known as performance price.

European dollars: US dollar deposits placed in overseas banks that are not under the jurisdiction of the US government.
Futures transfer spot: In two of them, they want to use their respective futures trading parts in exchange for a transaction method between the hedging preservation of the other's spot market. Also known as swap spot.
Performance: When you look at the bullish period, the holder wants to buy related futures contracts or see the action taken when the options holder wants to sell related futures contracts.

In expiration date (expired day): The expiration date of the option contract is usually a month before the delivery date of the delivery month, for example, the options of the futures contract in March On a certain trading day in February, it is still known as the March option because the performance of the option will be converted to a certain part of the contract (such as multiple parts or short parts) in March.

Basic analysis method: Use supply and demand information to measure the analysis method of future market price changes.
The technical analysis method: Using historical price, transaction volume, air disk volume, and other transaction data to predict the price analysis method of future price trends.

The speculator: The method of predicting future price movements, and trying to profit market participants who profit through futures and option contracts.
Futures commissioners (futures agents): Seeking and accepting futures and option contract sales instructions, so as to charge customers or other financial individuals or organizations.
The price gap between the cost of processing of soybeans and the sales income of processing soybean oil and soybean meal.

The inverted market: refers to the futures market that occurs between the two delivery months of the same product.

In Last Trading Day: According to the provisions of the Chicago Futures Exchange, the last day of the transaction can be traded in a monthly or option contract month. When the last trading day is closed, all empty futures futures contracts must pass the delivery through the delivery. Related goods, financial instruments or cash settlement methods are cleared or heed.
The price limit instructions: instructions that determine the price restriction or performance time by customers.
Stit price limit instruction: stop the mutation of instructions. Under this instruction, the transaction must be traded in strict accordance with the instruction price or at a better price level. If the instruction is not executed, it must be executed until the instruction price or better price appears.

Stit instructions: A instruction that can be bought or sold when the market price reaches a certain level. When the transaction price of goods or securities reaches or higher than the stop price, the purchase stop instruction becomes a market price instruction. When the transaction price drops to or below the stop price, the selling instruction will become a market price instruction.

The timed instruction: one of the form of customer transaction instructions. It means instructions that must be executed within the specified time.
The market price instruction: one of the forms of transaction instructions. That is, the instructions of the futures contract of a specific delivery month at the time of the best price (as soon as possible) at the time of the market at that time.

Chain relationship: Buy (sell) contracts on a exchange, and then sell (buy) these contracts on another exchange.

The public shouting system: The system of verbal delivery and hair disk in the trading pool or trading bar in the trading hall.

The sale list: The commission bank is delivered to the customer when the customer futures or options are changed, including the number of contract sales, the price level, the total profit and loss, the commission fee and the net profit and loss of transaction activities.

The trading pool: place where futures and option contracts are traded in the trading hall. The trading pool is generally an octagonal, high -inside and low tables that enable contract traders to see each other.
The recovery transaction: refers to the futures and option contracts conducted on the evening trading disk of the Chicago Futures Exchange on the morning of the next trading day.

This grabbing person (ox): Only traded on the day to make use of small, short -term contract spreads, traders. Such traders rarely keep the air disk in their hands to the next trading day.