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中英文对照【期货词汇】 [复制链接]

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只看该作者 10楼 发表于: 2006-09-28
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Managed Futures 管理期货
Represents an industry comprised of professional money managers known as commodity trading advisors who manage client assets on a discretionary basis, using global futures markets as an investment medium.
是指由专业的资金管理者即商品交易顾问管理客户资金组成的,运用国际期货市场作为投资媒介的行业  

Margin 保证金
The amount of money or collateral deposited by a client with his or her broker, or by a clearing member with the Clearing House, for the purpose of insuring the broker or Clearing House against loss on open futures or options contracts.
客户付给经济商或清算所的一定数额的现金或间接形式的抵押金,为了避免经济商或清算所在未平仓的期货或期权合同中遭受损失

Margin Call 追缴保证金,补仓
A call from a clearinghouse to a clearing member, or from a brokerage firm to a customer, to bring margin deposits up to a required minimum level.
清算公司发给清算成员或是经纪公司发给客户的要求 , 要求将剩余的保证金加至要求的最低标准  

Mark-to-market 逐日结算
The daily adjustment of portfolio to reflect profits and losses.
每日的统计以反映收益和损失  

Market order 市价委托单
An order filled immediately at the best price available.
以当前能达到的最好价格立即成交  

Market segment 市场划分
A part of a market, that relates to a place, an exchange authority, a type of security (equity / bond / option / future), and a list of securities with a given set of trading methods.
市场的一部分,它关系到一个场所,一种交易权利,一个类型的证券(资产,债券,期货,期权)和一系列的交易手段。  

Market value 市场价值
The current value of all commodities held in a margin account.
保证金帐户中所有商品的现有价值  

Market-if-touched (MIT) 触价单
Order type: An MIT order to buy becomes a limit order if and when the instrument trades at a specific or lower trigger price; an MIT order to sell becomes a limit order if and when the instrument trades at a specified or higher trigger price.
委托单种类,是指 市场价格触及委託单上之价位,该订单立即变成限价单。通常买进时所设之价位在当时市价之下,卖出时所设之价位在当时市价之上。

Market-on-close (MOC) 收盘价委托单
Order type: can be submitted at any time within a trading session, but only executable at closing, at the closing price.
委托单种类,可以在任何时刻提交但在收市时以收市价执行的委托单  

Marketplace 市场
A given location where trading takes place.
交易进行的特定地点  

Matched trade 对应交易
The execution of the buy and sell orders that together consummate a trade. A matched trade consists of one or more contracts and occurs when the same price is specified by buy and sell orders, for a specified number of contracts.
买卖订单的执行同时完成的交易。对应交易包含一个或多个合同,针对特定数量的合同,当同样的价格被列入买卖订单时,对应交易就产生了
  
Maturity 到期期间
Period within which a futures contract can be settled by delivery of the actual commodity; the period between the first notice day and the last trading day of a commodity futures contract.
一个期货合同可以实际商品交割的时期,这段是时期从第一通知日到一商品期货合同的最后交易日之间  

Maximum price fluctuation 最大价格波幅
The maximum amount the contract price can change up or down during one trading session, as stipulated by Exchange rules.
按照交易所的规定,在一场交易中合约价格可以上下波动的最大值   

Minimum price fluctuation 最小价格波幅
The smallest increment of price movement possible in trading a given contract, often referred to as a tick. The minimum unit by which the price of a commodity can fluctuate, as established by the Exchange.
在一特定合同交易中可能最小的价格波动增量,通常被称为 tick ,商品价格最小的波动是由交易所规定的  

ML 限价累积表现市场
Designates the "Limit Cumulated" display, which depicts the entire depth of the market, expressed in terms of cumulated totals at average prices.
表示所有限价的累积。描述的是市场的全部深度,并将平均价用累积总数表达出来。  

Mnemonic 记符
A short name uniquely representing an instrument (i.e., GEZ0, SPU0P7400).
一种能独特地代表一种交易物的短小的名字。  

MO 委托单表现市场
Designates the "Market by Order" display, which illustrates the entire depth of the market, displaying each bid and offer at every price level.
市场上所有挂单的显示。描述的是市场的全部深度,并将所有的买卖价表达出来。  

MOC (market order at closing) 收盘价委托单
See "market order at closing."
见‘收盘价委托单’。  

MOO 开盘市价单
Market order at opening –a market order entered before an opening, to be executed at the instrument's opening price only.
在开盘前进入市场,以交易物开盘价执行的委托单  

MOS 跨国对冲系统
Stands for "Mutual Offset System." Designated order to be given to another Exchange (e.g. SGX).
跨国对冲系统。制定的委托单将被过户到其他的交易所。 ( 例如 : 新加坡交易所 )  

Moving average chart 移动平均图表
A chart recording moving averages (three-day, ten-day, etc.) of market prices.
一种记录市场价格平均移动( 3 天, 10 天等)的图表  

Moving averages 移动平均线
A type of technical analysis using the averages of settlement prices.
运用平均成交价格的一种技术分析类型
夫天下事,人间情,俯而就者易,仰而求则难!
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只看该作者 11楼 发表于: 2006-09-28
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Managed Futures 管理期货
Represents an industry comprised of professional money managers known as commodity trading advisors who manage client assets on a discretionary basis, using global futures markets as an investment medium.
是指由专业的资金管理者即商品交易顾问管理客户资金组成的,运用国际期货市场作为投资媒介的行业  

Margin 保证金
The amount of money or collateral deposited by a client with his or her broker, or by a clearing member with the Clearing House, for the purpose of insuring the broker or Clearing House against loss on open futures or options contracts.
客户付给经济商或清算所的一定数额的现金或间接形式的抵押金,为了避免经济商或清算所在未平仓的期货或期权合同中遭受损失

Margin Call 追缴保证金,补仓
A call from a clearinghouse to a clearing member, or from a brokerage firm to a customer, to bring margin deposits up to a required minimum level.
清算公司发给清算成员或是经纪公司发给客户的要求 , 要求将剩余的保证金加至要求的最低标准  

Mark-to-market 逐日结算
The daily adjustment of portfolio to reflect profits and losses.
每日的统计以反映收益和损失  

Market order 市价委托单
An order filled immediately at the best price available.
以当前能达到的最好价格立即成交  

Market segment 市场划分
A part of a market, that relates to a place, an exchange authority, a type of security (equity / bond / option / future), and a list of securities with a given set of trading methods.
市场的一部分,它关系到一个场所,一种交易权利,一个类型的证券(资产,债券,期货,期权)和一系列的交易手段。  

Market value 市场价值
The current value of all commodities held in a margin account.
保证金帐户中所有商品的现有价值  

Market-if-touched (MIT) 触价单
Order type: An MIT order to buy becomes a limit order if and when the instrument trades at a specific or lower trigger price; an MIT order to sell becomes a limit order if and when the instrument trades at a specified or higher trigger price.
委托单种类,是指 市场价格触及委託单上之价位,该订单立即变成限价单。通常买进时所设之价位在当时市价之下,卖出时所设之价位在当时市价之上。

Market-on-close (MOC) 收盘价委托单
Order type: can be submitted at any time within a trading session, but only executable at closing, at the closing price.
委托单种类,可以在任何时刻提交但在收市时以收市价执行的委托单  

Marketplace 市场
A given location where trading takes place.
交易进行的特定地点  

Matched trade 对应交易
The execution of the buy and sell orders that together consummate a trade. A matched trade consists of one or more contracts and occurs when the same price is specified by buy and sell orders, for a specified number of contracts.
买卖订单的执行同时完成的交易。对应交易包含一个或多个合同,针对特定数量的合同,当同样的价格被列入买卖订单时,对应交易就产生了
  
Maturity 到期期间
Period within which a futures contract can be settled by delivery of the actual commodity; the period between the first notice day and the last trading day of a commodity futures contract.
一个期货合同可以实际商品交割的时期,这段是时期从第一通知日到一商品期货合同的最后交易日之间  

Maximum price fluctuation 最大价格波幅
The maximum amount the contract price can change up or down during one trading session, as stipulated by Exchange rules.
按照交易所的规定,在一场交易中合约价格可以上下波动的最大值   

Minimum price fluctuation 最小价格波幅
The smallest increment of price movement possible in trading a given contract, often referred to as a tick. The minimum unit by which the price of a commodity can fluctuate, as established by the Exchange.
在一特定合同交易中可能最小的价格波动增量,通常被称为 tick ,商品价格最小的波动是由交易所规定的  

ML 限价累积表现市场
Designates the "Limit Cumulated" display, which depicts the entire depth of the market, expressed in terms of cumulated totals at average prices.
表示所有限价的累积。描述的是市场的全部深度,并将平均价用累积总数表达出来。  

Mnemonic 记符
A short name uniquely representing an instrument (i.e., GEZ0, SPU0P7400).
一种能独特地代表一种交易物的短小的名字。  

MO 委托单表现市场
Designates the "Market by Order" display, which illustrates the entire depth of the market, displaying each bid and offer at every price level.
市场上所有挂单的显示。描述的是市场的全部深度,并将所有的买卖价表达出来。  

MOC (market order at closing) 收盘价委托单
See "market order at closing."
见‘收盘价委托单’。  

MOO 开盘市价单
Market order at opening –a market order entered before an opening, to be executed at the instrument's opening price only.
在开盘前进入市场,以交易物开盘价执行的委托单  

MOS 跨国对冲系统
Stands for "Mutual Offset System." Designated order to be given to another Exchange (e.g. SGX).
跨国对冲系统。制定的委托单将被过户到其他的交易所。 ( 例如 : 新加坡交易所 )  

Moving average chart 移动平均图表
A chart recording moving averages (three-day, ten-day, etc.) of market prices.
一种记录市场价格平均移动( 3 天, 10 天等)的图表  

Moving averages 移动平均线
A type of technical analysis using the averages of settlement prices.
运用平均成交价格的一种技术分析类型
夫天下事,人间情,俯而就者易,仰而求则难!
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只看该作者 12楼 发表于: 2006-09-28
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Nearby 最近合约月
The nearest active trading month of a futures or options on futures contract. Also referred to as the lead month.
期货或期权交易执行的最近的月份,也写做 lead month  

Nearby (Delivery) Month 交割月份
The futures contract month closest to expiration. Also referred to as spot month.
期货合同到期的最近的月份,也写为 spot month.

Net Liquidation Value 净清盘价值
It is your Total Trade Equity plus your Net Option Value. It is the value of your account if you were to liquidate all positions in your account. It is marked-to-market. This information appears on your account statement.
等于总交易资产加上净期权价值。如果平仓帐户中的所有盘口就是帐户价值,是逐日清算。这个信息会反映到帐户明细中  

Net Options Value 净期权价值
The credit or debit value of all option positions combined. It is marked-to-market. Market movement may cause bids and offers to be away from the last reported price.
期权借贷价值头寸的结合。是按照逐日结算的。市场的变动可能引起出价或供价远离最后的报价  

Non-serial options 不分期期权
Options for months for which there are existing futures contracts of the same months.
期权的月份同时存在于相同月份的期货合约中  

Notice Day 通知日
According to Chicago Board of Trade rules, the second day of the three-day delivery process when the clearing corporation matches the buyer with the oldest reported long position to the delivering seller and notifies both parties. See First Notice Day.
根据芝加哥交易所的规定,清算所对照最原始买方交割给卖方进仓的报告,在三日交割过程中的第二天,通知买卖双方  

Notional value 名目金额
The underlying value (face value), normally expressed is U.S. dollars, of the financial instrument or commodity specified in a futures or options contract.
原生价值(面值),通常是期货或期权合同中特定的以美元表示的金融产品或商品的价值
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只看该作者 13楼 发表于: 2006-09-28
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OCO (order cancels order) 选择性委托单
Order type: An order that includes two orders, one of which cancels the other when filled. Also referred to as one-cancels-other.
一种委托单类型是指一个委托单当中包含两种指令 , 当其中一个成交时 , 另外一个被自动取消,也可写做 one-cancels-other.  

Offer (or ASK, or sell) 报价
A willingness to sell at a given price; the opposite of bid.
以一特定价格出售的意愿,反之为出价

Offset 平仓
Selling if one has bought, or buying if one has sold, a futures or options on futures contract.
若先前购买则卖出期货或期货合同的期权 , 若先前售出则买入期货或期货合同的期权  

Open interest 未平仓合约
Total number of futures or options on futures contracts that have not yet been offset or fulfilled for delivery.
期货合同中未冲销的期货或期权的总数  

Open order 未成交单
An order that remains good until filled, cancelled or eliminated. See good-til-canceled.
一直有效直到成交或被取消的委托单。  

Open outcry 公开喊价
The method of trading publicly so that each trader has a fair chance to buy or sell.
公开交易的方式保证每个交易者有平等买卖的机会  

Opening 开市
The beginning of the trading session.
交易市场开始交易  

Opening price 开市价
The first price of an instrument at the beginning of the trade session.
开市后第一笔成交交易的价格  

Opening range 开盘时段
The range of prices at which the first bids and offers were made or first transactions were completed. Must be initiated by at least one trade.
做出第一个报盘和递盘以及第一个交易完成时的买卖价波动范围。至少需要一个交易来启动。  

Option 期权
The right, but not the obligation, to sell or buy the underlying (in this case, a futures contract) at a specified price within a specified time.
在一特定时间内以特定价格买入或卖出标的物的权利而非义务(目前情况标的物指期货合同)  

Option assignment 期权转让
The random selection of an option writer to take a futures position when an option is exercised.
当期权被执行时,对期权卖方的随意选择,使其接受期货头寸  

Option buyer 期权购买者
One who purchases an option and pays a premium.
购买期权并付出权利金的人  

Option Premium 期权金
The price of an option. The sum of money that the option buyer pays and the option seller receives for the rights granted by the option.
期权的价格。买者必须支付给卖方作为将来买进或卖出期货合约的权利价金  

Option seller 期权出售者
One who sells an option and receives a premium.
卖出期权并获得权利金的人  

Order 委托单
A request –usually passed by a trader to the host –for buying or selling a given instrument at certain conditions more or less defined (conditions being price, quantity, type of order, etc.).
一个要求 --- 通常由交易者开给交易所 - 在特定情况下购买或者销售特定的交易品种,这些情况或多或少是确定的(如价格,数量,委托单的种类,等)  

Order type 委托单类型
A property of an order, containing the conditions to which this order must comply for execution (e.g. limit, market, stop).
委托单的 特性, 委托单必须遵守 情况( 如 : 限价单,市场价单,止损单)  

Out-of-the-money 虚值
An option with no intrinsic value. A call option with a strike price greater than the underlying futures price. A put option with a strike price less than the underlying futures price.
没有内在价值的期权。对于买入期权而言 , 执行价格大于原生期货价 , 对于卖出期权而言 , 执行价格少于原生期货价  

Out-trades 错误交易
A situation that results when there is some confusion or error on a trade –for example, when both traders think they were buying.
交易当中出现的一种错误或者误解的情况。例如,有两个交易者认为他们都在购买。  

Overbought/oversold 超买 / 超卖
A technical opinion of a market which has risen/fallen too much in relation to underlying fundamental factors.
对于市场的一种技术性看法,认为市场相对于基本因素来说上涨或者下跌得太多了。
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只看该作者 14楼 发表于: 2006-09-28
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P&S(Purchase and Sale) Statement 买卖表
A statement sent by a commission house to a customer, showing the number of contracts bought or sold, the prices at which the contracts were bought or sold, the gross profit or loss, the commission charges, and the net profit or loss on the transactions.
由经纪公司发给客户的一种统计表,显示买卖的合同数量,合同买卖价格,总利润或者损失,佣金以及交易的净利润或损失。  

Phase (market) 阶段(市场)
Sub-unit of a session, where consistent actions take place (e.g. pre-opening, no-cancel, opening, continuous trading, etc.)
盘的一个组成成分,在这此阶段进行统一的行为(例如、预开盘、抵消、开盘、连续交易等)  

Point and Figure Chart 点形图
A graph of prices charted with x's for price increases and o's for price decreases, used by the chartist for buy and sell signals.
一个用 x’s 表示价格上涨用 o’s 表示价格下降的图表,分析师用作分析买和卖。  

Position 持仓
A market commitment. A buyer of a futures contract is said to have a long position and, conversely, a seller of futures contracts is said to have a short position. See "Open Interest"
一种市场承诺。一个期货合同的买家就拥有一个多头盘口,而相反的,一个期货合同的卖家就拥有空头盘口。  

Position Day 持仓日
The first day in the process of making or taking delivery of the actual commodity on a futures contract. The clearing firm representing the seller notifies the clearinghouse that its short customers want to deliver on a futures contract.
期货合同中现货开始交货过程的第一天。代表卖家的经纪公司通知清算所期货合同中的卖家希望交货了。  

Position Limit 持仓限额
The maximum number of speculative futures contracts one can hold as determined by the Commodity Futures Trading Commission and/or the exchange upon which the contract is traded. Also referred to as trading limit.
CFTC (货物期货交易委员会)和(或者)进行交易的交易所规定的一个交易者可以持有的投机期货合同的最大数目。 也被称作交易限额。

Position Trader 头寸交易者
A trader who takes a position in the market and might hold that position over a long period of time.
在市场里拥有交易盘口的交易者并且可能会长期持有。  

Premium 期权金
The amount agreed upon between the buyer and seller for the purchase or sale of a futures option –the buyer pays the premium and the seller receives the premium. The excess of one futures contract price over that of another or over the cash market price.
买家和卖家之间统一的买卖期权期货合同的价格 – 买家支付给卖家。相对于期货合同价值或其他市价,额外付出的价格。  

Price 价格
Price to which the given instrument should be traded –in an order or a trade. Also called "limit."
特定的商品进行交易的价格 - 在委托单或交易中,也被称作‘ limit ’。  

Price Discovery 市场定价
The generation of information about "future'' cash market prices through the futures markets.
通过期货市场,将来的现货市场价格信息的产生。  

Price Limit 价格限额
The maximum advance or decline from the previous day's settlement price permitted for a contract in one trading session by the rules of the exchange. See also Variable Limit, Maximum Price Fluctuation.
相对于上一交易日的结算价,交易中最大的升幅或降低。察看变数限价,最大价格波幅。  

Price order 定价定单
An order to sell or buy at a certain price or better.
在一定或更好的价格下,买入或者卖出的定单。  

Producer Price Index (PPI) 产品价格指数
An index that shows the cost of resources needed to produce manufactured goods during the previous month.
一个表示在前一月中生产制成品所需要的原料的成本的指数。  

Purchasing Hedge (or Long Hedge) 买入避险
Buying futures contracts to protect against a possible price increase of cash commodities that will be purchased in the future.
通过买入期货合同来防止未来将要购买的现货的价格上涨的风险。  

Purchasing Power 购买力
Total Trade Equity minus Initial Margin. Your purchasing power represents funds available to you to establish new positions. Your purchasing power changes throughout the day as your total trade equity and margins change.
总的交易资本减去最初的按金。你的购买力就表明你拥有的资金去建立一个新的盘口。你的购买力在一天中会随着总的交易量和按金的变化而变化。  

Pure hedger 单纯避险者
A person who places a hedge to lock in a price for a commodity. He or she offsets the hedge and transacts in the cash market simultaneously.
一个人为了锁定某种货物的价格而进行的风险规避。他会在现货市场中同时进行交易来抵消这个风险。  

Put 看跌期权
An option to sell a commodity, security, or futures contract at a specified price at any time between now and the expiration of the option contract.
一种期权,可以在从现在到最后期限中的任何时间以一个特定的价格卖出货物,股票或者期货合同。  

Put breakeven 看跌期权平衡点
See "breakeven."
见"平衡点 "  

Put option 看跌期权
An option granting the right, but not the obligation, to sell a futures contract at the stated price prior to the expiration of the option.
一种期权,准予买家在最后期限之前以规定的价格卖出期货合同的权利而非义务。  

Put profit / loss 看跌期权获利 / 损失
For a long put, equal to the put value minus the premium. For a short put, equal to the premium minus the put value.
对于买入看跌期权的人,等于期权价值减去期权金。对于卖出看跌期权的人,等于期权金减去价值。

Put value 看跌期权价值
At expiration, equal to the strike price minus the futures price.
在期权合同到期时,等于执行价格减去期货价格。
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Q


Qualifier 定单有效时间
The time for which the order is valid –FAK, Session, FOK, Day, GTC, GTD. Validity field options.
订单有效的时间。  

Quantity 数量
Number of instrument units (e.g. lots) to be traded, in order or a trade. Sometimes also called "size."
在交易或定单中,交易的物品单元的数量。有时也叫做‘ size ’。

Quote 报价
An indication of current bids and offers in the market on a particular instrument or spread.
利用特定工具或传播方式来表示在市场中最近的出价和要价。
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Rally 反弹
An upward movement of prices following a decline. The opposite of a reaction.
在一轮价格下跌之后的一个价格的向上运动。是‘ reaction’ 的反面。  

Range 波幅
The high and low prices or high and low bids and offers recorded during a specified time.
在一定时期内纪录的高价与低价和高与低的出价和要价。  

Reaction 下跌
A decline in prices following an advance. The opposite of rally.
在一轮价格上涨之后的下跌。 ’Rally’ 的反面。  

Reference price 参考价格
The price of an instrument used as "reference" –e.g., for determining an opening price, starting an algorithm, or figuring into an index –and is usually the settlement price or last closing price.
用作参考的工具的价格,如决定开盘价,开始一种运算,或化成一种指数,并且通常是交割价或前一日的收盘价。  

Registered representative 注册代理人
A person employed by, and soliciting business for, a commission house or futures commission merchant.
证券经纪公司或期货经纪商雇用或咨询的人。  

Repurchase Agreements (or Repo) 回购协议
An agreement between a seller and a buyer, usually in U.S. government securities, in which the seller agrees to buy back the security at a later date.
卖家和买家的一个协议,通常用于美国政府的有价证券,其中卖家同意在迟些时候买回证券。  

Resistance line 阻力线
A price level above which prices tend not to rise due to selling pressure.
在卖出的压力下价格会达到的一个水平而停止上升。  

Reserve Requirements 储备需求
The minimum amount of cash and liquid assets as a percentage of demand deposits and time deposits that member banks of the Federal Reserve are required to maintain. ve Requirements.
Federal Reserve( 联邦储备 ) 需要他的成员银行保留的现金和流动资产的最小量,作为需求保证金和时间保证金的一个百分比。  

Resistance 价格阻力
A level above which prices have had difficulty penetrating.
价格很难向上冲破的一个水平。  

Retracement 背驰
A price move in the opposite direction of a recent trend.
于近期的价格变化趋势相反的运动方向。  

Reverse Crush Spread 反变形套利
The sale of soybean futures and the simultaneous purchase of soybean oil and meal futures. See Crush Spread.
卖出大豆期货合同同时买入豆油和豆粕期货合同。  

Risk 风险
Possibility of suffering loss.
遭受损失的可能性。  

Round-turn 中介费
See "commission."
见“佣金”  

Runaway gap 逃逸缺口
A gap in prices after a trend has begun that signals the halfway point of a market move.
一个价格趋势开始后价格的一个缺口,标志着价格运动的中途阶段。
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S


Scalp 转手买卖所赚薄利
To trade for small gains. Scalping normally involves establishing and liquidating a position quickly, usually within the same day, hour or even just a few minutes.
为很小的利益交易。交易通常是快速地建仓和平仓,通常是在同一天进行,甚至是在几小时或几分钟之内。  

Selective hedger 选择性避险者
A person who hedges only when he or she believes that prices are likely to move against him or her.
只有在确信价格对其不利的时候才进行避险的人。

Sell (Sell Order) 卖出 ( 卖出定单 )
An offer. This transaction type indicates to sell or to go short. Opposite of buy or go long.
一个开价。 这种交易类型指的是卖出或看空。 买的相对概念。  

Selling climax 恐慌性抛售
An extraordinarily high volume occurring suddenly in a downtrend signaling the end of the trend.
一个非常高的交易量在下降趋势中突然出现,是这一趋势结束的信号。  

Selling Hedge (or Short Hedge) 卖出对冲
Selling futures contracts to protect against possible declining prices of commodities that will be sold in the future.
商品价格未来可能走低,为了减小损失而卖出期货合同。  

Serial options 分期 期权
Options for months for which there are no futures contracts. The underlying futures contract for a serial option month would be the next nearby futures contract.
为没有期货合同的月份而准备的期权。这种分期期权的原生期货合同是接下来的近期期货合同。  

Session (market) 交易盘(市场)
For a given class, period of time within which a consistent set of trading actions takes place –usually composed of the following phases: initialization, pre-opening/opening, trading, closing, post-session processing.
一个给定标准,在一段时间内进行一致的贸易活动。通常包括以下几个步骤:初始,预开 / 开盘,交易,收盘,盘后处理。  

Settlement price 结算价
A figure determined by the closing range that is used to calculate gains and losses in futures market accounts, performance bond calls and invoice prices for deliveries. See "closing range."
一个由收市价格范围所决定的价格,用来计算在期货市场的账目获利和损失,为了交割而进行催缴欠款和单据价格。 见“收市价格范围”。
  
Short 卖出
One who has sold a futures contract to establish a market position and who has not yet closed out this position through an offsetting procedure. The opposite of long.
一个人卖出期货合同而建仓,并且还没有进行清仓。买的反义词。  

Short cash 卖出现金
Describes a trader who needs and plans to buy a commodity.
指一个交易者需要并打算购买一种商品。  

Short hedge 卖出对冲
The sale of a futures contract in anticipation of a later cash market sale. Used to eliminate or lessen the possible decline in value of ownership of an approximately equal amount of the cash financial instrument or physical commodity. See "hedge."
为了将来的现货市场出售而卖出的期货合同。用来避免或降低自己拥有的等价的金融 商品或现货会贬值的可能性。  

Short Options Value 卖出期权价值
The total cost of purchasing back all short options on a marked-to-market basis.
买回所有卖出期权的逐日计算的成本的总和。  

Side 方
A side counts the buy and the sell as separate events. Each matched trades, and each contract, has two sides —the buyer side and the seller side. Taken together, these two sides equal one round turn per unit of volume.
买进和卖出是独立的双方。每对成功的交易,每个合同,都包括两方—买的一方和卖的一方。它们结合在一起,双方就等于一个交易的成交量。  

Sideways trend 横摆趋势
Seen in a bar chart when prices tend not to go above or below a certain range of levels.
在一个条形图表中,价格运动不能高过或低于一个确定的范围。  

Simulated Trading 模拟交易
The process of buying and selling without actually entering the market or risk any real funds.
不在市场中进行,没有任何实际资金风险的买卖过程。  

Single-stock futures (SSF) 单一股票期货( SSF )
Futures contracts on individual stocks.
只对一种股票进行交易的期货合同。  

Spread 价差组合
An options position established by purchasing one option and selling another option of the same class, but of a different series.
通过买入和卖出同级的期权而建立的期权盘口,但两个期权是不同的系列。  

Speculator 投机者
One who attempts to anticipate price changes and, through buying and selling futures contracts, aims to make profits. Does not use the futures market in connection with the production, processing, marketing or handling of a product.
预期价格波动,进行买卖期货合同从而获利的人。不是用期货市场进行生产、交易和处理产品的人。
  
Spot 现价
Usually refers to a cash market price for a physical commodity that is available for immediate delivery.
通常指一个可以立即进行交易的货物的市场价格。  

Spot month 现货月
The nearest trading month which may or may not be the current calendar month. Usually used as the current delivery month for a commodity.
最近的交易月份,可以是也可以不是当月。通常指现货可以进行交易的月份。  

Spot price 当前价格
See "cash price."
见“现价”  

Stop close only order 收盘时抛售订单
A stop order that is executed only during the closing range of the trading session.
只有在交易盘要结束的范围内才执行的防损订单。  

Stop loss 止 损
Order type: Same as stop limit, but with no limit indication: when triggered, will execute like an MBF.
订单类型:与停止限价相同,但是没有限定指数:当达到指定价格,就会被执行,像 MBF 一样。  

Strike (price) 期货执行价格
The price at which the option buyer may purchase or sell the underlying futures contract upon exercise. See "exercise price."
期权买家在交割时买卖指定期货合同的价格。  

Supply 供应
The quantity of a commodity that producers are willing to provide to the market at a given price.
生产者愿意以一定价格提供给市场的商品的数量。  

Support 支撑线
The place on a chart where the buying of futures contracts is sufficient to halt a price decline.
在图表中当有足够的期货合同的购买量足以阻止价格下跌的一个量。  

Symbol 符号
Equivalent to "instrument."
同于“商品” .  

Symmetrical triangles 对称三角
A price formation that can either signal a reversal or a continuation of price movement.
一个价格构成,可以是反转的信号,也可以是价格波动的延续。  

Synthetic call option 组合看涨期权
A combination of a long futures contract and a long put, called a synthetic long call. Also, a combination of a short futures contract and a short put, called a synthetic short call.
由买入一个期货合同和买入一个看跌期权的组合,就叫做组合买入看涨。同时,由卖出一个期货合同和卖出一个看跌期权的组合,叫做组合卖出看涨。  

Synthetic futures 组合期货
A combination of a put and a call with the same strike price, in which both are bullish, called synthetic long futures. Also, a combination of a put and a call with the same strike price, in which both are bearish, called synthetic short futures.
由两个有相同的行使价的看跌和看涨期权形成的组合,同时二者都看涨,叫做组合买入期货。由两个有相同行使价的看跌和看涨期权形成的组合,同时二者都看跌,叫做组合卖出期货。  

Synthetic option 组合期权
A combination of a futures contract and an option, in which one is bullish and one is bearish.
一种一个期货合同和一个期权的组合,其中一个看涨一个看跌。  

Synthetic put option 组合看跌期权
A combination of a short futures contract and a long call, called a synthetic long put. Also, a combination of a long futures contract and a short call, called a synthetic short put.
卖出期货合同和买进看涨期权的组合,叫做组合买入看跌期权。同时,买进期货合同和卖出一个看涨期权的组合,叫做组合卖出看跌期权。
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T


Target price 目标价格
An expected selling or buying price. For long and short hedges with futures: futures price + expected basis. For puts: futures price - premium + expected basis. For calls: futures price + premium + expected basis.
一个期望的卖出或买入的价格。对于使用买卖期货来避险的是指期货价格加上预期基点。对于卖出期权是指期货价格减去期权金再加上预期的基点。对于买入期权是指期货价格加上期权金再加上预期基点。  

Theta 对冲时间转变风险
The measure of the change in an option's premium given a change in the option's time until expiration. Equal to the change in the option's premium divided by the change in time to expiration.
计算期权在到期之前,时间的变化引起的期权金的变化。等于期权金的变化除以到期前时间的变化。

Tick 最低价格变动
Refers to a change in price, either up or down. See "minimum price fluctuation."
表明价格向上向下的变化。  

Time and Sales 时间和出售
The registered times of prices traded and bid and offers on a given market.
在特定市场中注册的交易的价格,出价,要价的时间。  

Time Limit Order 限时定单
A customer order that designates the time during which it can be executed.
客户的定单中指定时间,在这段时间中定单可以被执行。  

Time Value 时间价值
The amount by which an option's premium exceeds the intrinsic value of the option. Usually relative to the time left to expiration.
期权的期权金高于其内在价值的部分。通常与距离到期日的时间有关。  

Time Stamped 时间戳记
Part of the order-routing process in which the time of day is stamped on an order.
定单例行程序的一部分,需要在定单上盖上当日时间的印记。  

Total Trade Equity 交易总资产
Cash Balance combined with Open Trade Equity on a marked-to-market basis.
在逐日结算的基础上,现金平衡与未平仓交易资产的总和。  

Trade Balance 贸易收支
The difference between the value of a nation's imports and exports of merchandise.
一个国家进口商品和出口商品价值的差别。  

Trader 交易员
A member of the exchange who buys and sells futures and options on the floor of the exchange. See "day trader, floor broker and position trader".
交易所的会员,可以在交易所场内买卖期货和期权。看当日交易者,场内交易员,持仓交易者  

Trading day 交易日
(Should actually be called 'Clearing Day') –Period within which all executed trades for a given class are cleared on the same day. This period may very well exceed 24 hours. One or more sessions could take place.
在一段时间内所有同一级别的执行的交易在同一天结算。这一段时间可能超过 24 小时,可能是一个或更多交易盘。  

Trend 趋势
The general direction of the market.
市场的大致走向。
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U


Underlying Futures Contract 原生期货合同
The specific futures contract that is bought or sold by exercising an option.
履行期权要买卖的特定的期货合同。  

Uptrend 上涨趋势
A price trend characterized by a series of higher highs and higher lows.
通过一系列的较高的最高价和最低价表现的价格趋势。

U.S. Treasury Bill 美国短期国债
A short-term U.S. government debt instrument with an original maturity of one year or less. Bills are sold at a discount from par with the interest earned being the difference between the face value received at maturity and the price paid.
原始有效期在一年以下的短期美国政府债券。这债倦是以折扣价出售,折扣是到期时获得的面值与支付的价格的差价。  

U.S. Treasury Bond 美国长期国债
Government-debt security with a coupon and original maturity of more than 10 years. Interest is paid semiannually.
原始有效期高于十年并带有息票的政府债券,利息每半年支付。  

U.S. Treasury Note 美国中期国债
Government-debt security with a coupon and original maturity of one to 10 years.
原始有效期从一年到十年并带有息票的政府债券。
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