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Futures trading terms and oversight explained
A primer notes the risks for small investors in futures markets and outlines regulatory scrutiny by Congress GAO and the Small Business Committee. It defines key terms including basis, delivery month, futures contract, hedging, margins, open interest, short and long positions, straddles and spreads, and volume of trading.
MENTIONED IN THIS ARTICLE
U. S. Congress
General Accounting Office
Small Business Committee
U. S. House of Representatives
Commodity Exchange Authority
CEA
Commodity Exchange Act