A market in which transactions are promptly completed, resulting in immediate transfer of ownership and payment upon delivery of a commodity.
A marketplace characterized by a high volume of transactions for a security, commodity, or currency, featuring narrow bid-offer spreads and the ability to handle sizable transactions without significant price movement.
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.
The London Metal Exchange (LME) is the world's largest non-ferrous metals exchange, trading in options and futures contracts in metals such as copper, aluminium, nickel, zinc, and lead, and is regulated by the UK Financial Conduct Authority.
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange operated by CME Group. It is one of the world's largest and most influential commodity exchanges, facilitating the trading of energy, metal, and other physical commodity futures and options.
The term 'Opening' in finance and business can refer to the initial price at which a security or commodity starts trading at the beginning of the day, or a short time frame in which market opportunities arise, often referred to as an 'opening in the market' or 'a window of opportunity.'
An estimate or 'sample invoice' provided by a seller to a buyer in certain circumstances, serving as a preliminary bill of sale before the details are finalized, often used in international trade and shipments.
Commodities under the jurisdiction of the Commodity Futures Trading Commission (CFTC), which include all commodities traded in organized contract markets.
The spot delivery month refers to the nearest month in which a commodity could be delivered, relative to the current month of trading.
The current delivery price of a commodity traded in the spot market, also referred to as the cash price. It is the price at which a commodity can be bought or sold for immediate delivery.
