The Exchange provides the user with the equipment, software, and services. Top of Page O Offer A motion to sell a futures or options contract at a specified price. Opposite of bid. A transaction which liquidates or closes out an open contract position. In spread positions, one side offsets the other without liquidating the entire position.
Risk is reduced when one side offsets the other.
An account carried by one futures commission merchant with another in which the transactions of two or more persons are combined rather than designated separately and the identity of the individual accounts is not disclosed. One Cancels the Other Two orders submitted simultaneously, either of which may be filled. If one order is filled, the other is considered to be canceled. The number of open or outstanding contracts for which an individual or entity is obligated to the Exchange because that individual or entity has not yet made an offsetting sale or purchase, an actual contract delivery, or, in the case of options, exercised the option. Open Order A resting order that is good until canceled.