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Futures Terms |
| Browse our glossary of terms by using the Alphabet below. You may also search the glossary by using the search box in the right column. | |
| L | |
| Pages: 1 | |
| Term | Definition |
|---|---|
| Last Trading Day | The last and final day a futures contract can trade. The last trading day of an NQLX Single Stock Futures is the third Friday of the delivery month. |
| Liquidity | The capacity within a market to transact volume without affecting price or transaction cost. Measures of liquidity include the total open interest of a contract and the number of contracts available at the bid and offer. |
| Long | The buyer of a futures contract is said to be "long" the contract. In such a case, the welfare of the position increases as its price rises and decreases as its price falls. |
| Lot | One futures contract (e.g. a contract representing 100 shares in Microsoft Corporation. |