||See Commodity Credit Corporation.
||See Certificate of Deposit.
||See Commodity Exchange Authority.
||Certificate of Deposit (CD)
||A time deposit with a specific maturity evidenced by a certificate. Large-denomination CDs are typically negotiable.
||Certificated or Certified Stocks
||Stocks of a commodity that have been inspected and found to be of a quality deliverable against futures contracts, stored at the delivery points designated as regular or acceptable for delivery by the commodity exchange. In grain called stocks in deliverable position. See Deliverable Stocks.
||Stocks of a physical commodity that have been inspected by the exchange and found to be acceptable for delivery on a futures contract. They are stored at designated delivery points.
||Cancel Former Order.
||See Commodity Futures Trading Commission.
||A clearing member of both the Mid-America Commodity Exchange and another futures exchange who, for a fee, will assume the opposite side of a transaction on the MCE by taking a spread position between the MCE and another futures exchange which trades an identical, but larger, contract. Through this service, the changer provides liquidity for the MCE and an economical mechanism for arbitrage between the two markets.
||When technicians analyze the futures markets, they employ graphs and charts to plot the price movements, volume, open interest, or other statistical indicators of price movement. See also Technical analysis and Bar chart.
||Technical trader who reacts to signals read from graphs of price movements.
||Colloquialism implying that a commodity is underpriced.
||Cheapest to Deliver
||A method to determine which particular cash debt instrument is most profitable to deliver against a futures contract.
||Usually refers to the selection of bonds deliverable against the expiring bond futures contract.
||Chicago Board of Trade (CBOT):
||Founded in 1848 with 82 original members, it had an active cash and forward contracting business at first. Although the records were destroyed in the fire of 1871, it is agreed that futures contracts were being traded there during the 1860s. Today, the CBOT is the largest exchange in the world. It is known for its grain, gold, and Treasury Bond futures, as well as options on T-Bond futures. The Chicago Board of Trade is located at 141 W. Jackson Blvd., Chicago, IL 60604.
||Chicago Mercantile Exchange (CME)
||The second largest futures exchange in the United States. Originally formed in 1874 as the Chicago Produce Exchange, the "Chicago Merc" was primarily a perishable agricultural products market (butter, eggs, poultry, etc.). The name was changed in 1919, and since then the CME has been an innovator in the industry. The CME trades financial futures, options, and stock index futures contracts. The CME is the largest exchange for futures contracts in live commodities, foreign currencies, and Eurodoll
||An option which is transacted at the present but which at some prespecified future date is chosen to be either a put or a call option.
||Excessive trading of an account by broker with control of the account for the purpose of generating commissions while disregarding the interests of the customer.
||A system of trading halts and price limits on equities and derivative markets designed to provide a cooling-off period during large, intraday market declines. The first known use of the term circuit breaker in this context was in the Report of the Presidential Task Force on Market Mechanisms (January 1988), which recommended that circuit breakers he adopted following the market break of October 1987.
||Class (of options)
||Options of the same type (i.e., either puts or calls, but not both) covering the same underlying futures contract or physical commodity (e.g., a March call at strike price 62 and a May call at strike price 58).