Dictionary
- Clearing house
- Established by exchanges to facilitate transfer of securities resulting from trades. For options and futures contracts, the clearinghouse may interpose itself as a middleman between two traders.
- Close
- The performance of a reverse operation for an already open position. The “Sell” position is closed by buying while the “Buy” position is closed by selling.
- Closed end (mutual) fund
- A closed-end mutual fund sells a limited number of shares, which usually trade on a stock exchange. Shares of closed-end funds routinely trade at a discount or premium to NAV.
- Closed Position
- The net zero position relative to a certain currency or an instrument.
- Closed Trades
- Positions that have been either liquidated or offset.