Full Carrying Charge Market 总持仓价市场
A futures market where the price difference between delivery months reflects the total costs of interest, insurance, and storage.
交割月份之间的差异反映了利息，保险，仓储的总成本的一个期货市场 Futures 期货
A term used to designate all contracts covering the purchase and sale of financial instruments or physical commodities for future delivery on a commodity futures exchange.
指的是在商品期货交易所中为了将来交割出售和购买金融 商品和商品而订立的合同
Futures contract 期货合同
A standardized agreement traded on a futures exchange, to buy or sell a commodity at a specified price at a date in the future. Specifies the commodity, quality, quantity, delivery date and delivery point or cash settlement. 就一期货交易签订的标准化的协议 , 以在将来的一定日期以特定价格购买或出售某商品，详细说明商品 , 品质 , 数量 , 交割日期，交割地以及现金种类 . Futures Exchange 期货交易所
A central marketplace with established rules and regulations where buyers and sellers meet to trade futures and options on futures contracts. 建立了规则和制度的买家和卖家交易期货和期货期权的中心场所 G
Gamma 伽玛
The measure of the change in an option's delta given a change in the futures price. Equal to the change in delta divided by the change in futures price. 衡量期权中随期货价格变化的 delta 值的变化，相当于 delta 值的变化除以期货价格的变化。 Gap 缺口
A price area at which the market didn't trade from one day to the next. 市场交易价格由一天到另一天不是连续变化的的价格区域
Gap theory 缺口理论
A type of technical analysis that studies gaps in prices. 一种研究价格差距的技术分析类型 Give up 过户
An order to be given to another member firm in clearing system, an allocation. An order executed by clearing firm A and given to clearing firm B where it will be cleared and processed.
给清算系统中另一成员的指令，由清算公司 A 执行，然后交给清算公司 B 清算和处理
Gross Domestic Product (GDP) 国内生产总值
The value of all final goods and services produced by an economy over a particular time period, normally a year.
一国在一段特点时间范围内 ( 通常为一年 ) 生产的最终产品和服务的价值 Gross National Product (GNP) 国民生产总值
Gross Domestic Product plus the income accruing to domestic residents as a result of investments abroad less income earned in domestic markets accruing to foreigners abroad.
国内生产总值加上国内居民由于国外投资而产生的收入 , 再加上境外人员在国内市场产生的少量收入
Gross Processing Margin (GPM) 加工毛利
The difference between the cost of soybeans and the combined sales income of the processed soybean oil and meal.
大豆的成本与豆油和豆粕售出产生的总收入间的差价
H
Head and shoulders 头肩形
A sideways price formation at the top or bottom of the market that indicates a
major market reversal.
在市场价格的顶端和底部一个价格横摆走势形成，来表示一个主要的市场逆转。
Hedge 保值
The purchase or sale of a futures contract as a temporary substitute for a cash market transaction to be made at a later date. Usually it involves opposite
positions in the cash market and futures market at the same time. 购买或者出售一个期货合同作为一种临时性的替代品 , 以替代将来的现货交
易 . 通常情况下同时在现货市场和期货市场做出相反方向的交易 .
Hedger 保值避险者
A person or firm who uses the futures market to offset price risk when
intending to sell or buy the actual commodity.
那些打算销售或购买实际商品并利用期货市场来抵消价格风险的人或公司
Hidden quantity 隐藏交易额
Order qualifier: indicates that the total quantity will not be displayed to the market, but only per increments as indicated. Difference between order
quantity and displayed quantity is hidden.
订单种类：表明总数量将不会显示在市场中 , 只有每个增加的数量才会被显示。
总数量与显示量之间的区别数量将被隐藏。
High 高价
The highest price for a particular futures contract over a specified time period.
一特定期货合同在一特定时间范围内的最高价格
High Limit 涨停价
Absolute top price for a valid order per a given instrument. Any order with a
higher price is rejected.
每一指定商品的有效订单的绝对高价。高于这个价格的订单将被拒绝
Historical volatility 历史波幅
See \见 \波幅 \Holder 持有者
One who purchases an option.
购买期权的人
Hog/Corn Ratio 猪 / 玉米比率
When corn prices are high relative to pork prices, fewer units of corn equal the dollar value of 100 pounds of pork. Conversely, when corn prices are low in relation to pork prices, more units of corn are required to equal the value of 100
pounds of pork.
当玉米对猪肉价格相对较高时 , 较少单位的玉米与 100 磅猪肉的美元价格等同 , 相反的 , 当玉米对猪肉的价格相对较低时 , 较多单位的玉米与 100 磅猪
肉的美元价格相等 House 清算所 Clearing member or a firm.
清算成员或公司 Hundredweight 英担 100 pounds. Abbreviated cwt.
100 磅 , 简写 cwt
I
In-the-money 实值
A call option with a strike price less than the underlying futures price. A put
option with a strike price greater than the underlying futures price. 买入期权的执行价格低于原生期货价格 , 卖出期权执行价格高于原生期货价
格 Index 指数
A number that is representative of a whole market or market segment, usually computed by a sum product of a list of instruments' current prices and a list of
weights assigned to these instruments.
对于整个市场或某部分市场有代表性的数字 , 通常依靠一组交易物的现价和这
组交易物的重要程度来估算 Initial margin 原始保证金
The minimum performance bond deposit required from customers for each
contract in accordance with the rules of the Exchange.
根据交易所规定客户为每笔合同交纳的最小的执行债券押金
Instrument 金融商品 Contract to be traded; e.g., GEZ9. 被交易的合同，例如 GEZ9. In-the-Money Option 实值期权
An option with intrinsic value. A call option is in-the-money if its strike price is below the current price of the underlying futures contract. A put option is in-the-money if its strike price is above the current price of the underlying
futures contract.
有内在价值的期权。当买入期权的执行价格低于原生期货合同的价格 , 卖出期
权的执行价格高于原生期货合同的价格是价内期权
Intrinsic value 内在价值
The relationship of an option's in-the-money strike price to the current futures price. For a put: strike price - futures price. For a call: futures price - strike
price.
实值期权执行价格与期货现价的关系。对于一个卖出期权 : 内在价值 = 执行价格 - 期货现价 , 对于一个买入期权 : 内在价值 = 期货现价 - 执行价格
Introducing broker (IB) 中介经纪商
A firm or person engaged in soliciting or accepting and handling orders for the
purchase or sale of futures contracts, subject to the rules of a futures exchange, but not in accepting any money or securities to margin any resulting
trades or contracts.
从事于以购买或出售期货合同为目的，协助或接受和处理委托单的公司或人 , 服从期货交易所的规定 , 但不接受任何金钱或有价证券为抵押金以完成交易或
合同
Inverted Market 逆转市场
A futures market in which the relationship between two delivery months of the
same commodity is abnormal.
期货市场中，同一商品的两个交割月份的关系出现反常