期货期权词汇

买卖盘类型

买卖盘类型 （请注意，并非所有买卖盘类型均可通过Globex和公开喊价市场在交易厅执行。此外，视买卖盘是通过公开喊价市场还是通过Globex在交易厅执行而定，可在这两种平台执行的买卖盘类型可能有不同的涵义。） 公开喊价买卖盘类型 全部执行或取消(AON)买卖盘这是一种按单一价格通过公开喊价市场在交易厅悉数执行的指定合约买卖盘，其规模必须等于或高于预设的限额。 无视市场(DRT)买卖盘或全权买卖盘如无任何限制条件，“无视市场”（全权）买卖盘指允许相关人士全权酌情决定执行买卖盘的价格和时间的买卖盘，包括酌情决定执行全部、部分买卖盘或不执行买卖盘。会员或清算会员不得接受包含“with a tick, you are held”（“以一个跳动点为准，由贵方依市场行情处理”）的字样（或类似字样）的买卖盘。各方理解，场内经纪人可为自己进行交易，同时持有这种买卖盘，而不违反规则530（“客户买卖盘优先权”），前提是客户此前已用书面形式同意这样做，并在买卖盘上注明“WP”（已允许）字样，以证明该一般同意。 已向清算公司发出指令，要求在执行上一个买卖盘之后录入止损盘。 成交或取消(FOK)买卖盘这是在买卖盘中增加的一个指令，要求经纪人要么立即全数执行买卖盘，要么全数不执行。如果买卖盘未立即全数执行，则被取消。 限价盘要求按特定价格（“限价”）或更好的价格执行的买卖盘。 市价(MKT)盘要求场内经纪人在收到买卖盘后按可获得的最佳价格执行的买卖盘。 触价(MKT)盘按高于（低于）市价下达的买入或卖出买卖盘，在触及指定价格时成为市价盘。 收盘市价(MOC)盘只在收盘价范围内作为市价盘执行的买卖盘。 二择一(OCO)买卖盘这是两种买卖盘的组合，执行其中一个买卖盘将自动取消另一个买卖盘。 开口买卖盘（取消前有效买卖盘）在取消之前始终有效的买卖盘。如果没有此类说明，所有未执行的买卖盘将在正常交易时段结束时取消。 开盘买卖盘在交易所指定的正常交易时段开盘期间执行的买卖盘。在指定的开盘时间范围内未被执行的买卖盘将视为取消。 止损盘在如下文所述选择买卖盘上的指定价格（“止损价”）时成为市价盘的买卖盘。 “买入止损盘”按高于市价的价格下达，只能在市场交易价格或递盘价格等于或高于止损价时选择。“卖出止损盘”按低于市价的价格下达，只能在市场交易价格或报盘价格等于或低于止损价时选择。 收盘止损盘只在收盘期间有效的止损盘。如果市场在收盘期间出现下列情况，该买卖盘将成为市价盘：(1)买入收盘止损盘的交易价格或递盘价格等于或高于止损价；或(2)卖出收盘止损盘的交易价格或报盘价格等于或低于止损价。 止损限价盘如果市场出现下列情况，止损限价盘可按限价或更好的价格执行：(1)买入止损限价盘的交易价格或递盘价格等于或高于止损价；或(2)卖出止损限价盘的交易价格或报盘价格等于或低于止损价。 Globex买卖盘类型Globex特定买卖盘类型的可用性因产品而异，并非所有买卖盘类型均适用于所有产品。各产品支持的买卖盘类型见《Globex参考指南》 组合盘按固定差价或根据其它相关定价规则为由相同人士拥有的一个或多个帐户发出的买入和/或卖出组合盘。 隐藏数量盘只向市场显示买卖盘一小部分的买卖盘。当所显示数量的买卖盘已执行时，再向市场显示买卖盘的其它部分。 限价盘按特定价格（“限价”）或更好的价格执行的买卖盘。 有保护市价盘按交易所预定价格范围内目前最好的报盘价格（适用于买入盘）或递盘价格（适用于卖出盘）执行尽可能多的买卖盘的买卖盘。无法在受保护价格范围内执行的买卖盘将按受保护价格范围的限制作为限价盘留在买卖盘记录中。 最低数量盘只在买卖盘的若干最低数量可立即匹配时执行的买卖盘。 止损限价盘在买入止损限价盘的交易价格等于或高于止损价，或卖出止损限价盘的交易价格等于或低于止损价时可按限价或更好的价格执行的买卖盘。 有保护止损盘在Globex上达到指定交易价格时可以执行的买卖盘。此类买卖盘只在交易所预定的价格范围（受保护价格范围）内执行。在触发止损价格时，买卖盘作为限价盘录入买卖盘记录，限价等于触发价格加减预定的受保护价格范围。任何无法在受保护价格范围内执行的买卖盘将按限价作为限价盘留在买卖盘记录中。 Globex买卖盘期限标识如果买卖盘未在收到该买卖盘的交易日执行，或者如果买卖盘在两个交易日之间收到，而该买卖盘未在下个交易日执行，则可以录入Globex，且不包含期限标识的买卖盘将被取消。买卖盘可指定下列期限标识之一： 当天如果未在买卖盘录入Globex的交易日结束时执行买卖盘，则该买卖盘将被取消。 立即执行，否则取消买卖盘必须按指定价格立即全部或部分执行，任何剩余部分将被取消或废除。 取消前有效(GTC)买卖盘将始终保持有效，直至执行、取消或合约到期为止。 指定日期前有效(GTD)买卖盘将始终保持有效，直至指定日期为止，除非买卖盘被执行、取消或合约到期。

Order Types

(Note that not all order types are eligible for execution in a trading pit on Globex and through open outcry. Additionally, order types eligible for both venues may have different meanings depending on whether the order is to be executed in a trading pit via open outcry or through Globex.) Open Outcry Order Types All-Or-None (AON) OrderAn order to be executed in designated contracts in a trading pit via open outcry only for its entire quantity at a single price, with a size at or above a predetermined threshold. Disregard Tape (DRT) Or Not-Held Order Absent any restrictions, a "DRT" (Not-Held Order) means any order giving a person complete discretion over price and time in execution of the order, including discretion to execute all, some, or none of the order. A member or clearing member shall not accept an order containing the phrase "with a tick, you are held" (or similar such language). It is understood that a floor broker may trade for his own account while holding such an order without violating Rule 530 (“Priority of Customers’ Orders”) provided the customer has previously consented in writing and evidence of such general consent is indicated on the order with the “WP” (with permission) designation. An instruction to the clearing firm to enter a stop order after execution of a previous order has been achieved. Fill Or Kill (FOK) OrderA designation, added to an order, instructing the broker to fill the order immediately in its entirety or not all. If the order is not filled immediately in its entirety, it is cancelled. Limit OrderAn order with instructions to be executed at a specific price ("limit price") or better. Market (MKT) OrderAn order with instructions to be executed upon receipt by a floor broker at the best available price. Market If Touched (MIT) OrderA sell (buy) order placed above (below) the market which becomes a market order when the designated price is touched. Market On Close (MOC) Order An order to be executed as a market order only in the closing range. One-Cancels-Other (OCO) Order A combination of two orders, in which the execution of either one automatically cancels the other. Open Order (Good-Till-Cancelled)An order which remains in force until cancelled. Without such designation, all unfilled orders are cancelled at the end of the Regular Trading Hours Session. Opening Only OrderAn order that is to be executed during the time period designated by the Exchange as the Regular Trading Hours session opening range time period. Any remaining unfilled quantity not executed during the time period designated as the opening range will be deemed cancelled. Stop OrderAn order which becomes a market order when the price designated on the order (the "Stop Price") is elected as described below.A "Buy Stop" order is placed above the market, and is elected only when the market trades at or above, or is bid at or above, the Stop Price. A "Sell Stop" order is placed below the market, and is elected only when the market trades at or below, or is offered at or below, the Stop Price. Stop-Close Only OrderA stop order which is in effect only during the closing range. It becomes a market order if, during the closing range, the market: (1) in the case of a Buy Stop-Close Only order, trades at or above, or is bid at or above the Stop Price; or (2) in the case of a Sell Stop-Close Only order, trades at or below, or is offered at or below the Stop Price. Stop Limit OrderA stop order which becomes executable at its limit price or better, when and if the market: (1) in the case of a Buy Stop Limit order, trades at or above, or is bid at or above the Stop Price; or (2) in the case of a Sell Stop Limit order, trades at or below, or is offered at or below the Stop Price. Globex Order TypesThe availability of specific Globex Order Types is dependent on the product, and not all Order Types are available for all products. Supported Order Types by Product are set forth in the Globex Reference Guide. Combination OrderA combination of buy and/or sell orders for the same account or accounts with the same ownership, except as provided by Rule 527, at a fixed differential or by some other appropriate pricing convention. Hidden Quantity OrderAn order which displays only a small portion of the order to the marketplace. When the displayed quantity has been filled, another portion of the order will then be displayed to the marketplace. Limit OrderAn order to be executed at a specific price ("limit price") or better. Market With Protection OrderAn order to execute as much of order as possible at the best current offer price (for buy orders) or bid price (for sell orders) within a range of prices predefined by the Exchange (the protected range). Any quantity which cannot be filled within the protected range will remain in the order book as a limit order at the limit of the protected range. Minimum Quantity OrderAn order which is executed only if a certain minimum quantity of that order can be immediately matched. Stop Limit OrderAn order which becomes eligible for execution at its limit price or better when the market trades at or above the stop price in the case of a buy stop limit order or at or below the stop price in the case of a sell stop limit order. Stop With Protection OrderAn order which becomes eligible for execution when the designated price (the stop price) is traded on Globex. Such orders are filled only within a range of prices predefined by the Exchange (the protected range). When the stop price is triggered, the order enters the order book as a limit order with the limit price equal to the trigger price plus or minus the predefined protected range. Any quantity which cannot be filled within the protected range will remain in the order book as a limit order at the limit price. Globex Order Duration QualifiersAn order eligible to be entered into Globex that does not contain a duration qualifier will be cancelled if not filled during the Trading Day in which it was received or, if it was received between Trading Days, during the next Trading Day. An order may specify one of the following duration qualifiers: DayAn order that will be canceled if not filled by the conclusion of the Globex trade date for which it was entered. Fill And KillAn order immediately filled in whole or in part at the specified price, with any remaining quantity canceled or eliminated. Good ‘Till Canceled (GTC)An order which will remain in force until executed, cancelled or the contract expires. Good ‘Till Date (GTD)An order which will remain in force through a specified trade date unless executed or canceled, or until the contract expires.