trade or transaction

trade or transaction
Situation in which two orders, one buy and one sell, match (that is, the conditions fit together) partially or in total. Any purchase or sale of a contract on the exchange floor or using facilities or CME Globex during trading hours in accordance with the exchange rules. Trade acknowledgments are sent to the two counterparts that initiated the matching orders, to the clearing system, and to the traders. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

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