A commission is a fee paid to an intermediary for facilitating a transaction, typically calculated as a percentage of the sale value. It can be paid by the seller, buyer, or shared between them, and finds applications across various markets such as real estate, commodities, and advertising.
A futures option is a derivatives contract that grants the holder the right, but not the obligation, to buy or sell a futures contract at a predetermined price before the option expires.
A physical or tangible raw material commonly used in industrial processes and traded on commodity markets.
An action taken to reduce or eliminate the risk involved in having an open position in a financial, commodity, or currency market.
Limit up and limit down are the maximum price movement thresholds allowed for a commodity futures contract during one trading day. These limits are set to prevent excessive volatility and ensure orderly markets.
LME stands for the London Metal Exchange, a key global marketplace for industrial metals trading, offering futures and options contracts for metals such as aluminum, copper, and zinc.
Wall Street is synonymous with the financial markets and institutions of New York, housing the New York Stock Exchange and being the hub of major financial activities in the United States.
