A Contract for Difference (CFD) is a financial contract that pays for the difference in settlement price between an open and a closed trade.
CFDs essentially allow investors to trade securities in the very short term and are especially popular in currency and commodity products.
CFDs are settled in cash, but usually allow sufficient margin trading so that investors only need to deposit a small amount of the conditional payout on the contract.
Futures contracts are financial derivatives that oblige the buyer to purchase some underlying asset (or the seller to sell that asset) at a predetermined price and date in the future.
A horizontal spread is a simultaneous long and short position in derivatives for the same underlying asset and strike price, but with different expiration dates.
centner (abbreviated as CWT) is a standard unit of weight or mass used in some commodity markets. It can also be used to determine the price of small batches of goods.
Tick size - the minimum change in the price increment of a trading instrument.
– Tick sizes used to be in fractions (e.g. 1/16th of $1), but today they are mostly decimal based and expressed in cents.