Job Lot
A futures contract with a minimum trading unit smaller than the levels required in regular contracts. Investopedia Says:
Job lot contracts create a market for smaller participants wishing to enter into futures contracts. For example, western barley future contracts trade in 100 tonne board or round lots and 20 tonne job lots. Related Terms:
Actual
Board Lot
Commodity
Futures Contract
Futures Market
Lot
Odd Lot
Round Lot
Underlying |