芝商所期货期权词汇精编中英文对照必须收藏上教学文案.docx

1、芝商所期货期权词汇精编中英文对照必须收藏上教学文案芝商所期货期权词汇精编，中英文对照，必须收藏！（上） 扑克导言：期权期货市场中的很多词汇都来自国外，很多时候我们看中文无法理解时，对照看一下英文，就会有豁然开朗的感觉。今天扑克投资家特意为大家准备了期货期货市场的常用的英文词汇，中英对照，极具收藏价值！本文来自芝加哥商品交易所官方网站，由扑克投资家进行编辑整理。High 高价 The highest price for a particular futures contract over a specified time period. 一特定期货合同在一特定时间范围内的最高价格。Feed Ra

2、tio 饲养收益率 A ratio used to express the relationship of feeding costs to the dollar value of livestock. See Hog/Corn Ratio and Steer/Corn Ratio. 指饲养成本与家畜以美元表示的价值之间的比率。例如猪 / 玉米饲养率和牛 / 玉米饲养率。 Risk Management 风险管理Identifying, analyzing and either mitigating or absorbing the price risk in investing or bus

3、iness planning.在投资或业务规划过程中识察、分析、减轻或吸纳价格风险。 Leading Indicators 领先指标Market indicators that signal the state of the economy for the coming months. Some of the leading indicators include: average manufacturing workweek, initial claims for unemployment insurance,orders for consumer goods and material, pe

4、rcentage of companies.为未来几个月的经济状况做指示的市场指标。一些领先指标包括：制造业的平均工作日，失业保险的初期索赔，消费者货物和原材料的委托单，公司百分率。 Hidden quantity 隐藏交易额Order qualifier: indicates that the total quantity will not be displayed to the market, but only per increments as indicated. Difference between order quantity and displayed quantity is h

5、idden.订单种类：表明总数量将不会显示在市场中 , 只有每个增加的数量才会被显示。总数量与显示量之间的区别数量将被隐藏。 Limit order 限价委托单 Usually equivalent to price. An order in which the customer sets a limit on price or other condition, as contrasted with the trading floor definition of a market order, which implies that the order should be filled as s

6、oon as possible.通常与价格相等 . 在这种委托单中 , 有客户设定价格或者其他情况的限制 , 与之相对的市价委托单则是委托单应尽快成交。 Limit 限价The maximum price advance or decline from the previous days settlement price permitted in one trading session, as determined by the Exchange.按照交易所规定的，在一个交易中比前一天的成交价格上升或下跌的最大值。 Resistance line 阻力线 A price level above

7、 which prices tend not to rise due to selling pressure. 在卖出的压力下价格会达到的一个水平而停止上升。Financial Futures 金融期货 A future contract whose value is based upon financial instruments such as a stock index, interest rates or foreign currency exchange rates.一种期货合约，其价值根据股指、利率或外币汇率等金融工具确定。 Financial Instrument 金融商品The

8、re are two basic types: (1) a debt instrument, which is a loan with an agreement to pay back funds with interest;(2) an equity security, which is a share or stock in a company.有两种类型：(1) 债务工具，协议在还款时支付利息的贷款 (2) 资产证券，公司的股份或股权。 Notice Day 通知日According to Chicago Board of Trade rules,the second day of th

9、e three-day delivery process when the clearing corporation matches the buyer with the oldest reported long position to the delivering seller and notifies both parties.根据芝加哥交易所的规定，清算所对照最原始买方交割给卖方进仓的报告，在三日交割过程中的第二天，通知买卖双方。 Transparency 透明度The amount of access a market openly offers about its activitie

10、s and financial information.了解公开市场的活跃程度和财务信息的渠道数量。 Inverted Market 逆转市场A futures market in which the relationship between two delivery months of the same commodity is abnormal.期货市场中，同一商品的两个交割月份的关系出现反常。 Runaway gap 逃逸缺口A gap in prices after a trend has begun that signals the halfway point of a market

11、 move.一个价格趋势开始后价格的一个缺口，标志着价格运动的中途阶段。 Margin Call 追缴保证金，补仓 A call from a clearing house to a clearing member, or from a brokerage firm to a customer, to bring margin deposits up to a required minimum level. 清算公司发给清算成员或是经纪公司发给客户的要求 , 要求将剩余的保证金加至要求的最低标准。 Back months 远期月The futures or s on futures month

12、s being traded that are furthest from expiration. Also called deferred or distant months.期货或期权的交易月离有效期最远的月份。 Giveup 过户An order to be given to another member firm in clearing system, an allocation. An order executed by clearing firm A and given to clearing firm B where it will be cleared and processe

13、d.给清算系统中另一成员的指令，由清算公司 A 执行，然后交给清算公司 B 清算和处理。 Scalp 转手买卖所赚薄利To trade for small gains. Scalping normally involves establishing and liquidating a position quickly, usually within the same day, hour or even just a few minutes.为很小的利益交易。交易通常是快速地建仓和平仓，通常是在同一天进行，甚至是在几小时或几分钟之内。 Beta 贝塔系数A measure correlating

14、 stock price movement to the movement of an index. Beta is used to determine the number of contracts required to hedge with stock index futures or futures options.把股票价格的运动联系到指数运动的一种衡量方法。贝塔用来决定用股指期货或期货期权套利保值所需的合约量。 AdjustedFutures Price调整后的期货价格The cash-price equivalent reflected in the current future

15、s price. This is calculated by taking the futures price times the conversion factor for the particular financial instrument (e.g., bond or note)being delivered.等同的现金价格反映在现在的期货价格上。计算是通过用期货的价格乘以被交割的特定金融商品的转换系数。 ( 例如 , 债券或票据 )。 Derivative 衍生工具A financial instrument, such as a futures or options contrac

16、t, whose value is based upon a physical commodity or other financial instruments.一种金融工具，例如期货或期权合约，其价值根据实物商品或其它金融工具确定。 Hundred weight 英担100 pounds. Abbreviated cwt.100 磅 , 简写 cwt。 Locals 自由经纪人Exchange members who trade for their own account and/or fill orders for customers and whose activities provid

17、e market liquidity.为自己和 ( 或 ) 为其他客户完成委托单的交易所成员 , 他们的行为为市场提供了流动性。 Retracement 背驰A price move in the opposite direction of arecent trend.于近期的价格变化趋势相反的运动方向。 Equity Index 股票指数A measure of a group of stocks, also called equities, used to describe the market and analyze the return on specific stock invest

18、ment.衡量一组股票（又称股份）的尺度，用于描述市场行情和分析特定股票投资的回报。 Federal Funds Rate 联邦基金利率The rate of interest charged for the use of federal funds.指使用联邦基金付出的利息率。 U.S.Treasury Bill 美国短期国债A short-term U.S. government debt instrument with an original maturity of one year or less. Bills are sold at a discount from par with

19、the interest earned being the difference between the face value received at maturity and the price paid.原始有效期在一年以下的短期美国政府债券。这债倦是以折扣价出售，折扣是到期时获得的面值与支付的价格的差价。 U.S.Treasury Note 美国中期国债Government-debt security with a coupon and original maturity of one to 10 years.原始有效期从一年到十年并带有息票的政府债券。 Gap 缺口A price ar

20、ea at which the market didnt trade from one day to the next.市场交易价格由一天到另一天不是连续变化的的价格区域。 Clearing margin 结算押金Financial safe guards to ensure that clearing members (usually companies or corporations) perform on their customers open futures and options contracts.是一种对他们的客户所开的期货和期权合约收取的保证金，确保结算会员 ( 通常是公司或

21、企业 ) 的一种经济担保。 Closing range 结算幅度The high and low prices or bids and offers recorded during the period designated by the Exchange as the official close(the final 60 seconds of trading in currencies and 30 seconds in all othercontracts).由交易所规定的收市时的高价和低价或者是开价和还价。 (最后外汇交易的最后 60 秒买卖和其它合约的交易 30 秒 ) 。 Sett

22、lement price 结算价A figure determined by the closing range that is used to calculate gains and losses in futures market accounts, performance bond calls and invoice prices for deliveries. See closing range.一个由收市价格范围所决定的价格，用来计算在期货市场的账目获利和损失，为了交割而进行催缴欠款和单据价格。见“收市价格范围”。 Clearing trade transaction 结算交易Eac

23、h matched trade between a buyer and a seller generates two clearing trade transactions: one for the buyer and one forthe seller.买卖双方每一笔交易产生两个清算交易，一个是买主的另一个是卖主的。 Brokerage house 经纪行A firm that handles orders to buy and sell futures and options contracts for customers.一个为客户处理期货和期权买卖合约订单的公司。 Synthetic

24、put option 组合看跌期权A combination of a short futures contractand a long call, called a synthetic long put. Also, a combination of a long futures contract and a short call, called a synthetic short put.卖出期货合同和买进看涨期权的组合，叫做组合买入看跌期权。同时，买进期货合同和卖出一个看涨期权的组合，叫做组合卖出看跌期权。 Synthetic call option 组合看涨期权A combinatio

25、n of a long futures contract and a long put, called a synthetic long call. Also, a combination of a short futures contract and a short put, called a synthetic short call.由买入一个期货合同和买入一个看跌期权的组合，就叫做组合买入看涨。同时，由卖出一个期货合同和卖出一个看跌期权的组合，叫做组合卖出看涨。 Synthetic futures 组合期货A combination of a put and a call with th

26、e same strike price, in which both are bullish, called synthetic long futures.Also, a combination of a put and a call with the same strike price, in which both are bearish, called synthetic short futures.由两个有相同的行使价的看跌和看涨期权形成的组合，同时二者都看涨，叫做组合买入期货。由两个有相同行使价的看跌和看涨期权形成的组合，同时二者都看跌，叫做组合卖出期货。 Synthetic opti

27、on 组合期权A combination of a futures contract and an option, in which one is bullish and one is bearish.一种一个期货合同和一个期权的组合，其中一个看涨一个看跌。 Managed Futures 管理期货Represents an industry comprised of professional money managers known as commodity trading advisors who manage client assets on a discretionary basis,

28、 using global futures markets as an investment medium.是指由专业的资金管理者即商品交易顾问管理客户资金组成的，运用国际期货市场作为投资媒介的行业。 Algorithm 算法An automated, pre-programmed set of rules that can be used to execute an electronic trade.一种预先编程的自动规则集，可用于执行电子交易。 First Notice Day 第一通知日The first day that a notice of intent to deliver a

29、commodity can be made by a clearing house to a buyer in fulfillment of a given months futures contract.清算所通知买方指定月份的期货合同可以交货的第一天。 Exhaustion gap 竭尽缺口A gap in prices near the top or bottom of a price move that signals an abrupt turn in the market.接近价格的高峰或低谷时出现价格缺口，预示着行情将要逆转。 Breakaway gap 突破缺口A gap in

30、 prices that signals the end of a price pattern and the beginning of an important market move.价格的一个缺口，表示一个价格趋势的结束和一个重要的市场运动的开始。 Puts and Calls 看跌期权与看涨期权Puts and calls are separate option contracts; they are not the opposite side of the same transaction. For every put buyer there is a put seller, and

31、 for every call buyer there is a call seller. The option buyer pays a premium to the seller in every transaction.看跌期权与看涨期权为独立的期权合约，并非同一交易里的交易对方。每一看跌期权买方都有一个对应的看跌期权卖方，而每一看涨期权买方都有一个对应的看涨期权卖方。 Put Option 看跌期权A holder of a put option has the right to sell (go short) a futures contract at a specific pric

32、e on or before the expiration date. For example, an October 124 CME Live Cattle put gives the put holder the right to sell October CME Live Cattle futures at $1.24/lb. Should the futures decline to $1.14/lb., the put holder still retains the right to go short the contract at $1.24/lb.看跌期权持有人有权在到期日当日

33、或之前按特定价格卖出（做空）期货合约。举例，一份 8 月份 CME 活牛 124 看跌期权的持有人有权以 1.24 美元/磅的价格卖出8 月 CME 活牛期货。即使该期货下跌至 1.14 美元/磅，看跌期权持有人仍有按 1.24 美元/磅的价格做空合约的权利。 Call Option 看涨期权A call option gives the holder (buyer) the right to buy (go long) a futures contract at a specific price on or before an expiration date. For example, a December Corn 820 call option gives the holder(buyer) the right to buy or go lon