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Glossary

Glossary

50 Delta
Abandon
Actuals
American style option
Approved warehouse:
Arbitrage
Asian style option
Ask
Assay
Assignment
Audit trail
Backwardation
Base metal
Basis price
Basis risk
Bear
Bear market
Bear spread
Bid
Black-Scholes model
Borrowing
Broker
Bull
Bull market
Business Day
C & F
Call option
CAPS - Cleared Average Price Swaps
Carry
Cash price
Cash today
Cathode
Ceiling
CIF
Clearing
Clearing house
Client contract
Client cross
Close (out)
Closing prices
Combination
Commission
Commission house
Consumer’s hedge
Contango
Contract specification
Corner
Cross trade
Custom smelter
Daily price limit
Day order
Declaration date
Deliverable grade
Delivery point
Delta
Derivative
Difference account
DPRS - Daily Position Reporting System
Efficient market
EFP
European style option
Evening Evaluations
Exchange contract
Exchange Open Interest
Exercise
Exercise price (strike)
Exotic options
Expiry date
Fabricator
Fair value
FAS / FOQ
Floor
FOB / FOT
Forward month
FSA
Fundamental analysis
Futures contract
Futures curve
Gamma
Give up
Granter
GTC
Haircut
Hedge
Hedger
Holder
House account
Initial deposit/margin
Integrated producer
Interest yield
In-the-money
Intrinsic value
Kerb
LCH.Clearnet
Lending
Lifting a leg
Limit order
Limit up/down
Liquid market
LMEcvrs - Closing Volitilities Reporting System
LMEselect
LMEsmart - System for Matching and Registration of Trades
London agent
Long
Lot
Margin
Margin call
Mark to market
Market maker
Market Open Interest
Market Order
MASP
Matching
Matching period
Merchant
Min-max
MIT
Month 1
Month 2
Multi-legged carry
Naked
Offer
Official prices
Offset
Offset hedge
Open order
Option
Order routing
OTC
Out-of-the-money
Physical
Position
Position limit
Premium
Principal to principal
Producer’s hedge
Prompt date
Put option
Refinery
Resistance level
RIE
Ring
Ring dealer
Roll
Round turn
Secondary metal
Segregated client cross
Semi-fabricator
Semis
Settlement price
Short
Short dated carry
Short dated level carries
Smelter
Spot
Spread
Squeeze
Stockist
Stop order
Stop-loss order
Strike price
Swap
Synthetic
TAPO
TC
Technical analysis
Theta
Tick
Toll smelting
Tom
Tom/next
Touched
Traded option
Transfer
TWAP - Trade Weighted Average Price
Value
Value date
Variation margin
Vega
Volatility
Warehouse Stocks
Warrant
Writer
 
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