Buy: Take a "long" position|
Delivery month: The specified month
in which a futures contract is delivered or expires. These are normally
March, June, September and December.
Down Trade: A trade taken in anticipation of a falling market, to "go
Fill: The execution of an order
Guaranteed Stop: This is a controlled risk trade where you are
guaranteed to exit your position at your chosen level irrespective of
volatility, incurring a small initial charge.
Last Day of Dealing: The last day on which a client can open or close
a trade in a relevent market.
Limit Order: An order to buy or sell if the market reaches a specified
price or level, more favourable than the current market level.
Long: A trade taken in anticipation of a rising market - "an up trade"
Margin: The total amoun t of resources you need to open and maintain a
Margining: The practice by which your spread trade company may request
that you deposit further funds to run a loss making position.
Maturity Date: The date and time when a trade expires.
Offer: The price at which your spread trade company sells and you can
Rollover: The transfer of an open trade from one expiry month to a
Sell: Take a short position.
Spread: The difference between the buying and selling prices on a
spread trade company's quote.
Short: A trade taken in anticipation of a falling market.
Stop Loss: An order to buy or sell of the market reaches a specified
price less favourable than the current market level. NOTE: this does not
gurantee exit. (compare guarantee stop loss)
Settlement Price: The price used for daily revaluation of open trades.
Tick: The standardised minimum price movement of a futures or options
Up Trade: A trade taken in anticipation of a rising market; to "go