Below is a glossary of terms that are used in the online trading industry. Select the first letter of the word you are seeking from the list above to jump to the appropriate section of the glossary.
An agreement to purchase or sell a financial instrument or security (e.g. a commodity, stock, index), at a future date and at a fixed price. Futures contracts are traded on a futures exchange or futures market according to standardised terms (i.e. predetermined quantities for each specific type).