An Adp May Occur At Any Time During The Delivery Period, Once Long And Short Futures Positions Have Been Matched For The Purpose Of Delivery. Major natural gas industry trade association, based in Alexandria, Virginia.AGA conducts technical research and helps create standards for equipment and products involved in every facet of the natural gas industry. oil industry trade association, based in Washington, D. API conducts research and sets technical standards for industry equipment and products from wellhead to retail outlet.Usually the most active contract month, often closest to delivery.
Also referred to as "Exchange for Physicals" (EFP) or "versus cash". ACS allows executing firms to give-up (allocate) trades at the execution price to the designated carrying firms(s), utilizing their current trade entry systems and CME's Trade Management System.
ACS may be utilized for trades executed and given up to a single firm, as well as trades given up to multiple firms (see Give-up System).
The Scale Is An Inverse Measure— The Lighter The Crude The Higher The Api Gravity, And Vice Versa.
The Higher The Api Degree, The Higher The Market Value Of The Hydrocarbon Being Measured.
An Unmatched Trade From A Previous Day That Is Resubmitted To The Cme Clearing System; Trade Is Submitted "As Of" The Original Trade Date. The process by which the CME clearing house, in response to a long exercising its option, randomly selects a seller to fulfill its obligation to buy or sell the underlying futures contract at its strike price.
The assigned seller of a put must buy the underlying futures contract; the assigned seller of a call must sell the underlying futures contract.Oil With Api Greater Than 30º Is Termed Light; Between 22º And 30º, Medium; Below 22º, Heavy; And Below 10º, Extra Heavy.The Specific Method Prescribed By A Computer Operating System Or By An Application Program By Which A Programmer Writing An Application Program Can Communicate With The Operating System Or Another Application.The Cash-Price Equivalent Reflected In The Current Futures Price.This Is Calculated By Taking The Futures Price Times The Conversion Factor For The Particular Financial Instrument (E. A transaction generally used by two hedgers who want to exchange futures for cash positions.The option with a strike (or exercise) price closest to the underlying futures price.