Terms & Definitions

A glossary of terms and definitions.

• What's with the terms long and short?
• Glossary, terms and industry slang
• What is notional value?
• What is tick size?
• Basic Order Entry Terminology
• What are price limits?
• What is price banding?
• What is Volume
• What is Open Interest
• What is a futures contract?
• Who trades futures?
• What is contract size?
• What is contango?
• What is backwardation?
• What are spreads?
• What is Clearing?
• When is margin not margin?
• Forwards versus Futures