| 1. | Scalper | A trader who trades for small, short-term profits during the course of a trading session, rarely carrying a position overnight. =National Futures Association |
| 2. | Segregated Account | A special account used to hold and separate customers’ assets from those of the broker or firm. =National Futures Association |
| 3. | Self-Regulatory Organization (SRO) | Self-regulatory organizations (i.e., the futures exchanges and National Futures Association) enforce minimum financial and sales practice requirements for their members. See also: More… |
| 4. | Settlement Price | The last price paid for a futures contract on any trading day. Settlement prices are used to determine open trade equity, margin calls and invoice prices for deliveries. =National More… |
| 5. | Short | One who has sold futures contracts or plans to purchase a cash commodity (e.g., a food processor). =National Futures Association |
| 6. | Speculator | A market participant who tries to profit from buying and selling futures and options contracts by nticipating future price movements. Speculators assume market price risk and add More… |
| 7. | Spot | Usually refers to a cash market price for a physical commodity that is available for immediate delivery. =National Futures Association |
| 8. | Spot Month | See also: Nearby Delivery Month =National Futures Association |
| 9. | Spreading | The simultaneous buying and selling of two nrelated markets or commodities in the expectation that a profit will be made when the position is offset. =National Futures Association |
| 10. | Stop Order | An order that becomes a market order when the futures contract reaches a particular price level. A sell stop is placed below the market, a buy stop is placed above the market. More… |
| 11. | Strike Price | The price at which the buyer of a call (put) option may choose to exercise his right to purchase (sell) the underlying futures contract. Also called Exercise Price. =National Futures More… |
| 12. | Swap | In general, the exchange of one asset or liability for a similar asset or liability for the purpose of lengthening or shortening maturities, or raising or lowering coupon rates, to More… |
