A position that has not yet been closed and therefore the trader is exposed to market movements
A futures contract that is either long or short and does not have an offsetting position
A four part chord in which the upper three voices are not as close together as possible Close Position
Ay deal which has nor been settled by physical payment or reversed by an equal and opposite deal for the same value date
A long or short position whose value will change with a change in prices When position is open, the holder of the position expects to benefit from the price move of the security
A position (contract) entered into through an clearing member, which has not been cancelled
Normally used in the context of exchange-traded futures and options It denotes a position that is exposed to movements in the price of the futures or options