South African Futures Exchange (SAFEX): Customer seller of stock for the purpose of raising cash for other purchases. Such a seller will sell only at advantageous prices, and not aggressively.

 

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South African Futures Exchange (SAFEX): Customer seller of stock for the purpose of raising cash for other purchases. Such a seller will sell only at advantageous prices, and not aggressively.

National Futures Association (NFA): The futures industry self-regulatory organization established in 1982.

National Stock Exchange (NSE): Second-largest stock exchange based in India.

Nearby Futures Contract: When several futures contracts are considered, the contract with the closest settlement date is called the nearby futures contract. The next (or the 'next out') futures contract is the one t . . . View Full Definition

New York Cotton Exchange (NYCE): Commodities exchange in New York trading futures and options on cotton, frozen concentrated orange juice, and potatoes, as well as interest rate, currency, and index futures and options.

National Cheese Exchange (NCE): A now defunct private non-profit corporation that operated in Green Bay, Wisconsin. Every Friday morning for one-half hour, members of the NCE met to buy or sell cheddar cheese in 40-pound b . . . View Full Definition

Most Distant Futures Contract: When several futures contracts are considered, the contract settling last. Related: Nearby futures contract.

Monsoon Current (Southwest Monsoon Current): An Indian Ocean current setting in a generally eastward to southeastward direction off India and Ceylon. It replaces the North Equatorial Current, reversed by wind stress of the south-west m . . . View Full Definition

Montreal Exchange-Bourse De Montreal: The oldest stock exchange in Canada trading stocks, bonds, futures, and options. The Canadian Market Portfolio Index (XXM) tracks the market performance of the 25 highest-capitalization stoc . . . View Full Definition

Moscow Interbank Currency Exchange (MICEX): Established in 1992, the most liquid and best organized financial exchange in Russia.