期权期货常用英语(Optionfutures)

期权期货常用英语（Option futures）

Abandon abandon: confirm option failure

Actuals in stock (LME generally uses physical)

Arbitrage inter market arbitrage

Assay test analysis

Ask asking for price

At-the-Money equal value: the performance price of the option

is exactly the same as the current price of the current option

futures contract

Back pricing effective time pricing: producers usually use the

LME settlement price as the benchmark and the daily settlement

price is valid until noon the following day. Also known as Known

the (Pricing on pricing)

Backwardation spot Premium: the spot price is higher than the

futures price (also known as Back). It is the reverse market

and the inverted Market

Base, Metal, base metal, fund: metals other than gold, silver,

and platinum

Bar Chart bar graph

Basis: the basis of a commodity spot price and futures price

difference

Basis Price basic price, exercise price: the price in which the

seller and the Buyer agree and conclude the transaction in the

options transaction. Also known as Price (Strike price),

usually for the current market price

Bear short seller, bearish: Contrary to Bull

Bear Covering ends the short position

Bear, Market, bear markets, bear markets: markets where prices

have generally fallen

Bear Position has been selling the futures short positions:

hope the future will at a lower price to buy, sell and profit

is now the difference between the purchase price later

Best Orders best buy and sell order (Buying/Selling, at, Best)

Bid buyer's offer

Bond bond

Bottom bottom price: the lowest price for a period of time

Borrowing borrow (Borrowing metal from the market): buy near

futures at the same time, sell far futures

Break slump, sudden rise, breakthrough: prices appear larger

fluctuations

Broker brokers, brokers

Bull bulls, Bulls: the opposite of Bear

Bull, Market bull markets, bull markets: markets where prices

have generally risen

Bull Position long position: buy futures and expect to sell at

a higher price later. The profit is the difference between the

present and future selling prices

Business Day trading day

Buying Hedge (Long Hedge) buy hedge

Buy In: open, hedge, or close a short position

Buy on Close buy at close: buy at closing price at closing

Buy on Opening open to buy: buy at the opening price at the

opening

Call Option call option, delay buying options: allow buyers to

buy a specified futures contracts according to a specific power

price. When the expected market value is bullish, a call option,

such as a buyer's mistake, can be waived. The risk of loss is

only the premium of the purchase option

Call Price call price

Canceling Order undo instruction: the instruction to cancel the

previous instruction

Carrying borrows and lends: LEM refers to the borrowed loan,

and it also represents a borrowing operation that causes the

borrower to deposit the metal that he holds into the LEM

registered warehouse

Carrying Charge storage costs: the storage, payment of

insurance, loss, interest, etc.

Cash pays cash on hand: LEM means cash delivery for second days

after the closing of the spot transaction at settlement price;

other exchanges often refer to spot transactions

CashCarry borrow: futures premium, the impact on the long term

premium goods often during storage, insurance, the cost of

capital. When the metal is in excess, the futures premium tends

to expand. As the traders buy near futures futures, the

financing cost of futures is low, which makes the bank lending

attractive

Cash Commodity spot merchandise

Cash Today next day delivery: the delivery date of the contract

is the next trading day

CFTC Commodity Futures Trading Commission: futures trading is

managed by the office of the commodity exchange of the Ministry

of Agriculture

Clear, Clearance liquidation: settlement of funds for futures

contracts

Clearing House clearing house

ClearingMember settlement member: the member company of the

clearing house. The settlement member must be a member of the

clearing house

Clerk floor brokerage assistant: authorized to act as a floor

broker

Client Contract commission contract: settlement contract

between members and non settlement members, non settlement

members and other traders

Client Option: the principal option options trading either

Junfei trading settlement members

Close close

Closing Range closing price range

COMEX（纽约商品交易所）纽约商品交易所

委员会佣金

承诺承诺（或未结清权益）

大宗商品交易中心（CEC）纽约商品交易中心：纽约商品交易所、纽约商业交易所（NYMEX）、纽约棉花交易所、咖啡糖可可交易所的所在地

委员会（证监会或丝房子房子房子）经纪商行代办行

升水期货升水：金属近期供货充足时，远期价高于现货价是为正向市场，顺价市场。

合同合约

合约月份合约月份：期货合约进行实物交割的月份

角囤积居奇

持有成本置存成本：期货商品交割之前，所发生的利息、仓储和装卸搬运费用

对手合约对方

盖平仓，补进：在市场上通过补进（如原有部位在空头）或回抛（如原有部位是多头）结清空盘部位

交叉（接近对冲）买空卖空：同一个结算会员的套购套售，交叉保值

目前的收益率当期收益：债券利息与当时的债券市价之比

天阶（g.f.d）当日有效订单：当日未执行则自动失效。如要在当日全部时间（含正式交易、场外交易、场前交易、午餐时间与傍晚），应注明”全部市场时间”（市场）

一天的交易当日交易：当天交易中买进和卖出相同部位

涨停每日价格波动幅度的限制

经销商交易代表

申报日期宣告期（履约期或有效期）：期权购买者必须宣告其权力是否履行的最后日期，否则，期权将失效LEM的宣告期是每月的第一个星期三。

违约通知违约通告

人违约者

递延期货远期：离交割期相对最远的期货合约月份

交货交割：期货合约买、卖双方到期以仓单形式体现的商品实物所有权的转移

交货日期或日期交割日期提示

交割月交割月份（与合约月份相同）

交货通知交割通知：一方提交通知，表示同意在指定日期交割以结束其未平仓的空头期货部位

交割地点交货点

存款初始保证金（见初始保证金）

差异差价（与基础同义）

委托账户委托帐户

双选择双向期权：期权拥有者同时拥有按基本价卖出或买进权利的期权

股权资金净值：按当时市价清算后，期货交易帐户剩余的资金净值

晚上对冲：通过买或卖对冲掉现有的市场部位

违约事件违约事件

交换合同交易所合约：交易双方都是结算会员的合约

外汇期权交易所期权：期权买卖方都是结算会员的期权交易

运动执行，履约：期权有效期内，期权购买者宣布将实行其权力按履约价买进或卖出期货合约

截止日期：期权买方可能执行期权权利的日期或最后一日到期日

换热器交易所

填写执行价

为了填补或杀死成交或取消指令：一般指出价三次后未成交则立即取消

第一通知日第一通知日：同意以现货商品交割履行期货合约，发出通知的第一天

场内经纪人场内经纪人

场内交易商（又叫局部）场内交易人：通常只为自己的账户（或由其

控制的）进行交易的人

不可抗力不可抗力：LME的合约中没有此条款，遇不可抗力时，LME缓冲

提出了远期货，期货

FSA英国金融管理法案：1986年通过，随时修正

基本面分析：用商品供需理论与信息进行价格分析与预测基本分析法

期货期货

期货合约期货合约：经批准在交易所交易大厅内签定的，

A contract for the quality of goods, delivery, delivery, etc.,

that has been standardized

Futures, Commission, Merchant futures agents

G.O.B. (Good, Ordinary, Brand) quality class: LME use, and now

switch to "advanced" (High Grade) instead

Good Till Cancelled Order (G.T.C.) an order that has been valid

until the customer has cancelled it

Granter assignor: the seller of the option

Hedge, Hedging Hedging: through a method of acquiring and

trading positions instead of futures contracts in the futures

market to avoid price fluctuations on the spot for buying and

selling to economic losses, the role of insurance

Hedger hedge

The Horizontal level of Spread spread in buying bullish or

bearish options at the same time, according to the price of the

same performance but different maturities, sell the same

commodity option

Initial Margin initial margin: the initial fee paid for a

futures position. Usually 5~10% of contract value

Inverted Market reverse Market: futures market in recent months

higher than the forward month price

In Warehouse delivery warehouse: the place of sale in the LME

contract

Inter-commodity Spread an Intercommodity spread: buy (or sell)

a commodity futures contract, and sell (or buy) the same

delivery month and buy (or sell) another commodity related

commodity futures contracts, hedge respectively after to

profit

Inter-delivery Spread Kuayue Arbitrage: buy (or sell) a month

futures contract of a commodity and sell (or buy) futures

contracts but different in the same commodities, hedge

respectively after to profit

Inter-market Spread spread across the city to buy in a stock

exchange (or sell) a commodity futures contract, while in

another exchange to sell (or buy) the same goods of the same

month futures contract, hedge respectively after to profit

International Commodities Clearing House (I.C.C.H.)

International Commodity clearing house: LME clearing house

Inter-Market trans bourse: between on closed doors,

members use the telephone to conduct inter office transactions

In-the-Money advantageous value, intrinsic value: added value

that can be realized at the prevailing market price, such as

executive options. Put, the performance price is higher than

the current announcement price; the call option is lower than

the current announcement

Calculate price

In-the-Money Option real options: options with favorable value

(intrinsic value)

Intrinsic value embedded value: basic and the same "good

value"". The amount of the intrinsic value contained in the real

options is the component of the royalty

The market Inverted Market reverse market upside down: the same

spot or recent commodity futures price is higher than the

long-term futures market

Kerb Trading OTC: 15 to 25 minutes after each official

transaction, all metals are traded in the trading circle

Last Trading Day last trading day: the last trading day of the

delivery month of the futures contract. The last trading day

after the liquidation of the futures contract shall not, by spot

goods or cash settlement liquidation

Late Night Trading (Lates): since the late afternoon trading

OTC markets closed to the end of the LME, the informal trading

time

Lending lend: extend short positions by selling near futures

while filling forward

Limit limit

Limit Up limit board

Limit Down daily limit

Limit Order limit order

Liquid Liquidity: the degree of activity and volume of futures

buying, selling, and hedging transactions. Large volume of

trading without causing price volatility, that is, liquidity

Liquid Market liquidity Market: a market that can be easily

traded

Liquidate unwinding: closing a previously sold (or bought)

futures contract, or expiring stock, by purchasing (or selling)

the same commodity futures contract of the same delivery month

LME London Metal Exchange

Long long, long: "long" is the beginning of a transaction by

buying futures contracts or buy than sell;

Long Position long position, long position: unsettled buy

futures position

Lot Grant: "batch" is often called "warehouse receipt" and

"contract" in LME"

Major Currency currency

Margin margin

Margin Call additional margin requirement,

追加保证金通知

马克对市场空盘评估：以当前市场价（当日结算价）为基础对尚未结算的空盘部位评估，计算其账面盈亏，以确定是否要追加保证金

市场秩序市价订单：按市场当时最优价或市价立即购买或出售一定数量期货合约的指令

触及市价（麻省理工学院）触价成市价订单：价格达到高于（低于）当前市价的一定水平即卖出（买进）的指令

期限匹配对应结算时间段

对应结算系统匹配系统

最大价格波动最大价格波幅：在一场交易中合约价格可以上下波动的最大值

商人贸易商

最小价格波动最小价格波幅

名义价格名义价格：对一个期货月份日期的估计价，当该日期有行无市时指定该价为收盘价当现货交易处于类似情况时，也用该价作为当前价指标。

公告日通知日：易所规定的、对本月到期要准备交割期货合约的持有者发出交割书面通知的日期

提供卖方出价

官方价格正式价格：由LME报价委员会（报价委员会）提出，每交易日13:10公布现货、三月和十五月期货的正式价

综合账户综合账户：在国外，一期货经纪公司与另外的经纪公司共同使用的账户，交易以原经纪人的名义混合使用

一个取消其他（）非此即彼订单：由两个订单结合的交易指令，其中含一附加指令，当一个订单执行后即取消另一个订单

打开合同未平仓合约：已买卖期货合约但未进行对冲处理或实物交割

openinterest（OP int）空盘量，未平仓量，未结清权益：期货市场上交易的某种商品尚未结清（对冲或交割）的全部期货合约数量

打开命令开口定单（同好到取消的订单）

公开喊价公开喊价

打开位置空盘部位：尚未结清的期货合约市场部位

开放的开市

开盘价开市价，开盘价

开放范围：开市后第一个交易完成时的买卖价波动范围开市价幅

选择期权，期货合约选择权：赋予购买者在协议规定的有效期内按协定价（基本价或敲定价、履约价）购买或卖出一定量商品的选择权力

期权委员会期权委员会

出去的钱无利价值：当一期权当前没有内含价值，例如当看涨期权的履约价高于当前公布的结算价或当看跌期权的履约价低于当前结算价时，称无利价

价外期权虚值期权：不具有内涵价值的期权，相对应的是实值期权P&S（购销表）交易清单：经纪行为客户对冲掉原建立的市场部位后，提交客户的分类账目净盈亏额变化清单

物理现货

位置交易部位，头寸：对市场的承诺，即未进行对冲处理的买或卖期货合约数量。对于买进者，称处于多头部位（长）；对于卖出者，称处于空头部位（短）

限位头寸限制：交易所限定的交易者可以持有某种期货合约的最大数量

前期市场场前交易：LME正式交易前经纪行之间的交易，场前交易可以是非常活跃和具有影响力的

保费（1）权利金：期权买主向卖主即时支付不再退回的费用，此为期权购买者可能的最大损失；（2）溢价，升水：期货价高过现货价的差额；（3）加价：对高于期货合约交割标准的商品应支付的额外费用

价格（及物动词）定价：通常按正式结算价确定有关金属的价格

在按预定收盘价买进定价

价格的按预定收盘价卖出

主要市场：主要的现货商品初级市场初级市场

主委托人，本人货主：能够并必须履行合约上所有条件的个人或机构

principal market 货主间交易 期货市场上, 交易成员以货主身份在交易圈内和他们的客户一起完成交易.

获利回吐 profit taking

quick 即付: 在两天内即交割

交割日期 prompt date

看跌期权 延卖期权 put option.

报价委员会 quotations committee

- 回升

- 波幅

反弹 价格在较长时间下跌后的回升 reaction.

recovery 复苏

the representative 登记代表 应本人要求, 期货经纪行雇用的经纪人.

节 lme对每一种金属的五分钟交易时间 ring.

场内交易委员会 ring.

ring dealing broker 交易会员: 期货交易所全权会员组织成员

交易场 交易池 rings (pits).

交易回合 通过对冲或实物交割结束在市场上的多头或空头部位的完全交易过程 round turn.

小投机 为微小利润而交易, 通常在同一天内频繁买卖对冲 scalp.

security deposit 保证金

session 场 lme每天分上下场, 每场分两轮, 每轮中每种金属交易五分钟.每场后有15至25分钟的场外交易.

结算营业日 指在纽约可用美元进行国际结算处理的商业银行营业的交易日 settlement business day.

settlement price 结算价格 由收市价幅决定的价格, 用于计算期货市场账户的收益和亏损、追加保证金和交割的发票价格.

short 空头: 一个未结算的卖出期货部位. 做空头 "即通过卖出期货合约开始一个交易.与之相对应的词是long

卖出套期保值 short hedge

卖空 通过卖出期货合约确立一个市场部位 short selling.

轧空头 逼空: 由于市场供应不足迫使价格上升的情形 short

squeeze.

speculate 投机: 甘愿承担价格波动风险以谋取风险利润的炒买炒卖行为.

speculator 投机者

现货.

现货月 对当前期货报价的最早可以交割的月份 spot month.

价差 两个相关市场之间或相关商品之间的价格差异 spread.

spreading 套期图利: 同时买进与卖出相关期货合约以获取价差利润的各种套利方式

价格挤压 迫使某特定交割日期的价格高于其它日期的压力

squeeze.

stockist 存有货物准备出售的商人

stop loss order 止损指令: 一种当市场价格达到某一特定水平时买进或卖出的指令

套期图利 straddle

strikeprice (exercise price) 敲定格 期权合约中双方协定的相关期货商品的价格 (履约价).

using (1) 换库: mel 一个仓库的金属换成另一个仓库的 转月 由一个期货合约转为另一个期货合约; (2).

taker 购买者

利用期货商品价格、交易量、未平仓量等的历史数据, 采用各种指标和分析方法来分析和预测未来价格趋势的价格分析方法 技术分析法:

technical analysis

偿付 期货合约的实物商品交割 tender.

i 期货交易中允许的最小价格变动量 最小价位.

时间价值 反映期权有效时间的权利金数量 time value.

贸易行: 进行现货交易的公司 trade house

趋势 trend

交易量 turnover

the underlying futures contract 期权期货合约

非正式价格 lme下午场交易结束时报出的各种金属的收盘价

unofficial price.

价值 在当前所有买方和卖方都满意的价格上的足够成交量 value.

价格变动保证金 根据每天的评估决定并发出用以因价格变动而补偿损失的追加要求 variation margin.

volatility 易变性 反映期权期货合约价格变动程度的指标.由相等价值、保险费、到失效期的剩余时间、期权期货合约价格和当前利率等参数组成的公式计算 (年度潜在易变性).

the volume 交易量

Warrants warehouse storage: specified by the exchange

(Registration) issued by the warehouse can be used for

commodity futures contract certificate of ownership of goods

delivery, Department bearer