- Initial margin is the percentage of the purchase price that must be paid in cash when using a margin account.
- Intercontinental Exchange (ICE) is an American company that owns and operates financial and commodity markets and exchanges.
- An interest rate future is a derivative financial instrument that allows for exposure to changes in interest rates.
- An introducing broker (IB) advises clients on the futures market, but delegates trade execution and back office operations to others.
- A job lot is a futures contract, the par value of which is less than a standard lot.
- The last trading day is the last day the derivative contract is traded. Typically, the last trading day is the day before the actual expiration date.
- MCF is an acronym that combines the Roman numeral M, which stands for thousand, with the term cubic feet (CF).
- Natural gas ETFs are investment vehicles that provide access to natural gas prices.
- Natural gas liquids are components of natural gas that are released from the gaseous state as liquids.
- NYMEX is a commodity trading exchange founded in 1872 and acquired by the CME Group in 2008.