Commodities Trading

Commission Broker
A commission broker is a type of broker, usually a floor broker, who executes trades of stocks, bonds, or commodities for a commission.
Deutsche Börse
Deutsche Börse AG is an international market-place organizer for trading in securities, commodities, and derivatives, based in Frankfurt, Germany. It operates the Frankfurt Stock Exchange and the clearing and settlement facility Clearstream, and it is a joint owner of the electronic derivatives exchange Eurex.
Going Short
Going short refers to the act of selling a stock or commodity that the seller does not own, typically in anticipation that the price will decline, allowing them to buy it back at a lower price for a profit.
Gold Fixing
Gold fixing refers to the daily determination of the price of gold by selected gold specialists and bank officials in London, Paris, and Zurich. The price is fixed at 10:30 A.M. and 3:30 P.M. London time every business day according to prevailing market forces of supply and demand.
NYMEX
The New York Mercantile Exchange (NYMEX) is a commodities futures exchange where various futures and options contracts are traded. It is one of the most recognized and influential exchanges in the world.
Pool
The term 'pool' has various definitions across different industries including corporate finance, industry, insurance, investments, and real estate. It generally refers to a combination of resources or funds for a specific purpose.
Profit Taking
Profit taking is the action by short-term securities or commodities traders to cash in on gains earned on a sharp market rise. It can result in temporary downward pressure on prices.

Accounting Terms Lexicon

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