| A | B |
|---|
| CME | Chicago Mercantile Exchange |
| CBOT or CBT | Chicago Board of Trade |
| MidAm or MACE | MidAmerica Commodity Exchange |
| CFTC | Commodity Futures Trading Commission |
| CEA | Commodity Exchange Act |
| 5 | the number of Commissioners in the CFTC |
| President | who appoints the CFTC Commissioners |
| American bald eagle | the bird that appears on the official CFTC seal |
| farmer's plow | the object just below the American bald eagle on the CFTC seal |
| octagons | on the CFTC seal, standing for a trading pit |
| 1975 | the year that the CFTC started |
| CBT, CME, MidAm | 3 Chicago futures exchanges |
| tick | minimum market price movement |
| bid | what a trader or broker does when he/she wants to buy |
| offer | what a trader or broker does when he/she wants to sell |
| long | describes a position when someone buys and holds the contract(s) |
| short | describes a position when someone sells and holds the contract(s) |
| pit | the area on the exchange floor where contracts are traded in open outcry |
