期货专业英语.docx

1、期货专业英语中英文对照【期货词汇】AAcross the board 全盘All the months of a particular futures contract or futures option contract.某一期货或期权合约的所有月份。Adjusted Futures Price 调整后的期货价格The cash-price equivalent reflected in the current futures price. This is calculated by taking the futures price times the conversion factor f

2、or 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 )American-style options 美式期权Options that permit exercise at any time on or before the expiration date.在任何时间或者是在有效日期前被允许执行的期权。AON (all or none) AON( 全部的或决不 )Order

3、type: At order entry, if it can execute in total, then it executes. Otherwise it stays in the order book until it can execute in total.下单类型 : 在已经下单时，如果它能完全执行 , 那么就被执行。否则它会寄存在买卖盘记录一直到它能够完全执行。Arbitrage 套利The simultaneous purchase and sale of identical or equivalent financial instruments or commodity f

4、utures in order to benefit from a discrepancy in their price relationship.同时的买卖相同或相等的金融商品或商品期货以从他们的价格差异中获利。56 / 56Arbitration 仲裁The procedure of settling disputes between members, or between members and customers.解决在成员之间或成员和客户之间争论的程序。As-of trade 原有贸易An unmatched trade from a previous day that is res

5、ubmitted to the clearing system; trade is submitted as of the original trade date.前日未成交的单再被传送到结算系统并保留在原有的交易日。Ask 沽出价Also called offer. A motion to sell. Indicates a willingness to sell a futures contract at a given price.经常被称为“出价”它是一个出售的意思。指的是在指定的价格下愿意出售期货合约。Assignment 转让The designation of an option

6、 writer for fulfillment of his obligation to sell the underlying futures contract (call options writer) or buy the underlying futures contract (put option writer) upon notice from the Clearing House. Notice to the seller of an option that has been exercised by the buyer.期权卖方所给的履约通知的收据，它使得他必须履行特定的定约价

7、格出售 ( 在看涨期权 )或买进 ( 看跌期权 ) ，原生期货的义务。买主通知期权的卖主这个交易已经执行。Associated person (AP) 期货业务员A person, commonly called a commodity broker, associated with and soliciting customers and orders for a futures commission merchant or introducing broker. The AP must pass a Series 3 examination, be licensed by the CFTC

8、 and be a member of the NFA.一般称为商品经纪人 , 他是联系和提供咨询给客户以及在期货商品市场委任商人或介绍经纪人。这个委托人必须通过三种考试 , 被 CFTC 许可并且是 NFA 的一个成员。At the market 市场价See Market Order 见 市场次序 At-the-money 平价An option with a strike price equal to the underlying futures price.一个期权的执行价等于其原生期货的价格。Average Daily Volume 平均每日交易量Equals volume for

9、a specified time period divided by the number of business days within that same time period.它等于在特定的时期交易量除以同样的特定时期内的工作天数。Average Down 平均值下移To buy more of a security at a lower price, thereby reducing the holders average cost. (average Up: to buy more at a higher price).用低价买进更多的证券，以降低持有者的平均成本。 ( 平均值上移

10、 : 以比较高的价格买更多证券。 )Average Price Call 平均价买入期权A type of option where the payoff is either zero or the amount by which the average price of the asset exceeds the strike.是一种零盈利的期权或者是资产的平均价格超过执行价的期权。Average Price Put 平均价卖出期权A type of option where the payoff is either zero or the amount by which the strik

11、e price exceeds the average price of the asset.是一种零盈利的期权或者是执行价超过资产平均价格的期权。BBack months 远期月The futures or options on futures months 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。Bar chart 条形图A graph of prices, volume and open interest for a

12、specified time period used by the chartist to forecast market trends. A daily bar chart plots each trading sessions high, low and settlement prices.由制表人用特定时期的价格、交易量、未平仓权益组成的图表来预测市场趋势。日条形图描绘了交易日的最高价、最低价和交易价。Basis 基差The difference between the spot or cash price of a commodity and the futures price of

13、the same or a related commodity. Basis is usually computed to the near future, and may represent different time periods, product forms, qualities and locations.现货或商品的现金价格和相同的期货价格或相关价格的差额。它通常被计算到近期的期货 ,和可能表现不同的时间期数、产品规格、质量和场所。Basis contract 基差合约A forward contract in which the cash price is based on t

14、he basis relating to a specified futures contract.现价建立在与特定的期货合约的基差基础上的远期合同。Bear 熊市 ( 跌市 )One who believes prices will move lower.一个人相信价格趋势将会不断下跌。Bear call spread 熊市购进认购期权跨价组合The purchase of a call with a high strike price against the sale of a call with a lower strike price. The maximum profit recei

15、vable is the net premium received (premium received - premium paid), while the maximum loss is calculated by subtracting the net.在高执行价买进一个认购期权同时在低执行价卖出一个认购期权，能够得到的最大获利是净期权价，而最大的损失是要减去净期权价。Bear market (bear/bearish) 熊市 ( 熊市 / 看空 ) A market in which prices are declining.一个价格趋势正在下滑的市场。Bearish key rever

16、sal 熊市重要反转A bar chart formation that occurs in an uptrending market when the days high is higher, low is lower and close is below the previous days. Can signal an upcoming downtrend.一种图表形势，出现在上涨的市场中，这一天的高价比以前高，低价比以前低，收市价也比以前低。 能够预示下跌趋势。Beta 贝塔系数A measure correlating stock price movement to the movem

17、ent 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。Bid 买价The price that the market participants are willing to pay.市场参与者是愿意支付的价格。Bid (or buy) 买 ( 或 买 )An offer to buy a spe

18、cific quantity of a commodity at a stated price. The price that the market participants are willing to pay.以指定了的价格购买特定数量的商品。市场参与者愿意支付的价格。Black Scholes Model 布莱克斯格尔模式A model used to calculate the value of a European call option. Developed in 1973 by Fisher Black and Myron Scholes, it utilizes the sto

19、ck.用来计算欧式买入期权的模式。在 1973 由 Fisher Black 和 Myron Scholes 发展的， 它运用股票计算。Blowoff volume 倾销量An extraordinarily high volume trading session occurring suddenly in an uptrend signaling the end of the trend.一个反常的高成交量交易部分突然在上升趋势中发生，预示着趋势的结束。Board of Trade 交易委员会An exchange where commodity futures and/or futures

20、 options are traded.一个商品期货和 / 或者是期货期权买卖的交易场所。Bond 债券Instrument traded on the cash market-representing a debt of the government or of a company.在现金市场中交易的工具它代表着一种政府或公司的债务。Box Spread 盒式套利A dual option position involving a bull and bear spread with identical expiry dates. This investment strategy provid

21、es for minimal risk. Additionally, it can lead to an arbitrage position as an investor attempts to lock in a small return at expiry.一种期权策略，这种策略可以借具有相同有效期的看跌期权或者看涨期权得以贯彻。可以将风险最小化。同时，当投资者打算锁定到期时的最小收益时，可以产生套利机会。Break 突破A sudden price move; prices may beak up or down.一次突然的价格变动 ; 价格可能上升或下降。Breakaway gap

22、突破缺口A gap in 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。Breakeven 平衡点（收支相抵）The point at which an option buyer or seller experiences no loss and no profit on an option. Call breakeven equals the strike price plus the p

23、remium. Put breakeven equals the strike price minus the premium.一个策略的既不赢钱也不输钱的股票价格。买入期权收支平衡点等于执行价加上期权金。卖出期权的收支平衡等于执行价减去期权金。Brokerage 佣金The fee charged by a broker for execution of a transaction. May be a flat amount or a percentage; usually referred to as a commission.是经纪商对交易收取的费用。可能是一笔固定的金额或是百分比，通常

24、指的是中介费。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。Bulge 暴涨A slang term used to describe a rapid advance in prices within the commodities market.是用来描绘一个在商品市场内快速升高的价格。Bull 牛市 ( 买空 )One who expects prices to rise.预期价格会

25、上升Bull market 牛市、多头市场A market in which prices are rising.一个价格正在上涨的市场。Bull spread 牛市套利A vertical spread involving the purchase of the lower strike call and the sale of the higher strike call, called a bull call spread. Also, a vertical spread involving the purchase of the lower strike put and the sal

26、e of the higher strike put.它是买一手较低定约价的期权，同时卖一手较高定约价的期权，两手期权一般有相同的合约到期日。看跌期权或者看涨期权都可以用于这一策略。Bullish key reversal 牛市重要反转A bar chart formation that occurs in a downtrending market when the days high is higher, low is lower and close is above the previous days. Can signal an upcoming uptrend.出现在下降趋势的市场中

27、，最高价比前一天更高，最低价更低，收盘价高与前一天的徒刑。表明一个上涨趋势的来临。Bundle 一揽子交易The simultaneous sale or purchase of one each of a series of consecutive futures contracts. Bundles provide a readily available, widely accepted method for executing multiple futures contracts with a single transaction.同时买卖一系列相连的期货合同，他是提供一个易于获得并且被

28、广泛接受的在一个交易中执行多个期货合同的方法。Buoyant 市场活跃The term used to describe a commodities market where the prices generally rise with ease when there are considerable signals of strength.用来描述有显著力量时价格可以轻易上升的商品市场的术语。Butterfly Spread 蝶式套利An option strategy combining a bull and bear spread. It uses three strike prices

29、. The lower two strike prices are used in the bull spread, and the higher strike price in the bear spread. Both puts and calls can be used.一种期权策略，由一手牛市套利和一手熊市套利组合而成的。它牵涉到三个定约价，两个最低的用于牛市套利，两个最高的用于熊市套利。买入和卖出期权都可以使用。Buy To Close 买进冲销、买进平仓A term used by many brokerages to represent the closing of a shor

30、t position in option transactions.在期权交易中有许多经纪人使用的买进来平仓。Buy To Open 买入建仓A term used by many brokerages to represent the opening of a long position in option transactions.在期权交易中有许多经纪人使用的用买进来建仓。CCall 买入期权An option to buy a commodity, security or futures contract at a specified price any time between no

31、w and the expiration date of the option contract.一种期权合约，它给持有者以权利，在一固定的时间内，按一特定的价格买进其原生证券。 又见 看涨期权.Call breakeven 买入 期权平衡点See breakeven.见“平衡点”Call option 买进期权An option contract which gives the buyer the right, but not the obligation, to purchase a specific futures contract at a fixed price (strike price) within a specified period of time as designated by the Exchange in its contract specifications.一种期权，给买主一种权力但不是义务，去购买执行价的特定期货合约。由交易所指定根据此合约的要求规定的在指定的时间内Call profit/loss 认购期权盈亏Fo