amount based on the level of an index or price according to a procedure specified. Market-on-Close An order to buy or sell at the end of the trading session at a price within the of prices. Primary Market (1) For producers, their major purchaser of commodities; (2) to processors, the market that is the major supplier of their commodity needs; and (3) in commercial marketing channels, an important center at which spot commodities are concentrated for shipment to terminal markets. If the equity in a customer's account drops to or below the level of maintenance margin because of adverse price movement, the broker must issue a to restore the customer's equity to the initial level. When a commodity is 'in sight it is inferred that reasonably prompt delivery can be made; the quantity and quality also become known factors rather than estimates. Delta Margining or Delta-Based Margining An system used by some exchanges that equates the changes in option with the changes in the price of the underlying futures contract to determine risk factors upon which to base the requirements. Fig.3 Slope of the Vega.75 plus approximating Vega chords.
Nearby Delivery Month The best android app to trade cryptocurrency month of the futures contract closest to maturity; the or lead month. In general, portfolio compression services are intended to reduce the outstanding trade count and outstanding gross notional value of two or more market participants portfolios. (C) Exception The term swap dealer does not include a person that enters into swaps for such persons own account, either individually or in a fiduciary capacity, but not as a part of a regular business. The contract typically has a knock-out price, which, if reached, will trigger the cancellation of all remaining accumulations. Before World War II, this agency was known as the Commodity Exchange Administration. Portfolio Compression Service A service that helps market participants identify positions in a portfolio of OTC derivatives that are redundant after netting across a pool of other portfolios of OTC derivatives. Cftc rules require SEFs to offer certain methods of execution for required transactions. These amounts are added or subtracted to each account balance.