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The resource curse refers to countries that lag behind economically despite benefiting from valuable natural resources. This mainly happens when a country concentrates all its means of production on the resource-dependent sector. This can lead to a large dependence on the price of a particular product, which will hinder the further development of the economy. Angola and Saudi Arabia suffer from a resource curse, although Saudi Arabia has been successful in diversifying in recent years. E-Mini
September 25, 2022 E-mini are futures contracts traded electronically, the value of which is a fraction of the value of the corresponding standard futures contracts. Intercontinental Exchange (ICE)
September 25, 2022 Intercontinental Exchange (ICE) is an American company that owns and operates financial and commodity markets and exchanges. Job Lot
September 25, 2022 A job lot is a futures contract, the par value of which is less than a standard lot. Variable Price Limit
September 25, 2022 A variable price cap is a method of controlling volatility in commodity futures exchanges. Warehouse Financing
September 25, 2022 Warehouse financing is a way for businesses to borrow money against their inventory. Agribusiness
September 25, 2022 Agribusiness is a combination of the words “agriculture” and “business” and refers to any business related to agriculture and commercial activities related to agriculture. Arab League
September 25, 2022 The League of Arab States is a regional multinational organization of the Arabic-speaking countries of the African and Asian continents. Backwardation
September 25, 2022 Backwardation is when the current price of the underlying asset is higher than the prices traded in the futures market. Buying on Margin
September 25, 2022 Buying on margin means you are investing borrowed money. Cheapest to Deliver (CTD)
September 25, 2022 Cheapest delivery is the cheapest security that can be long in a futures contract to meet the contract specifications. Contango
September 25, 2022 Contango is a situation where the futures price of a commodity is higher than the spot price. Contract For Differences (CFD)
September 25, 2022 A Contract for Difference (CFD) is a financial contract that pays for the difference in settlement price between an open and a closed trade. Euro
September 25, 2022 The Euro is the official currency of the European Union (EU), adopted by 19 of the 27 EU member states. Exchange of Futures for Physical (EFP)
September 25, 2022 Futures to Physical Exchange (EFP) allows one party to exchange a futures contract for the actual underlying asset. Floor Trader (FT)
September 25, 2022 A trader on the trading floor is a member of the exchange who makes transactions on the trading floor of the exchange solely at his own expense. Futures Contract
September 25, 2022 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. Futures Market
September 25, 2022 A futures market is an exchange where futures contracts are traded by participants interested in buying or selling these derivatives. GSCI (S&P)
September 25, 2022 The S&P GSCI is a benchmark commodity index that tracks the performance of the global commodity market. Gemology
September 25, 2022 Gemology is the science of identifying gemstones.# Gold Standard
September 25, 2022 The gold standard is a monetary system backed by the value of physical gold. Greenback
September 25, 2022 Greenback is a slang term for US dollars. Gross Processing Margin (GPM)
September 25, 2022 Gross Processing Margin (GPM) is the difference between the cost of a commodity and the revenue generated after the commodity has been sold as a finished product. Hardening
September 25, 2022 In the financial arena, the term hardening is commonly used to refer to a period of rising prices and decreasing volatility, especially in commodity trading. Hoarding
September 25, 2022 Accumulation is the purchase of a large quantity of a commodity by a speculator with the intention of capitalizing on future price increases.# Horizontal Spread
September 25, 2022 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.