Investment Terms: M
Description
This article is from the Investment
Terms.
Investment Terms: M
- Maintenance Margin:
A set minimum margin (per
outstanding futures contract) that a customer must maintain in his
margin account.
- Managed Account:
See Discretionary Account.
- Managed Futures:
Represents an industry comprised of
professional money managers known as commodity trading advisors who
manage client assets on a discretionary basis, using global futures
markets as an investment medium.
- Margin:
See Clearing Margin and Customer Margin.
- Margin Call:
A call from a clearinghouse to a clearing
member, or from a brokerage firm to a customer, to bring margin
deposits up to a required minimum level.
- Market Information Data Inquiry System (MIDIS):
Historical Chicago Board of Trade price, volume, open interest data
and other market information accessible by computers within the
Chicago Board of Trade building.
- Market Order:
An order to buy or sell a futures
contract of a given delivery month to be filled at the best possible
price and as soon as possible.
- Market Price Reporting and Information System (MPRIS):
The Chicago Board of Trade's computerized price-reporting system.
- Market ProfileŽ:
A Chicago Board of Trade information
service that helps technical traders analyze price trends. Market
Profile consists of the Time and Sales ticker and the Liquidity Data
Bank.
- Market Reporter:
A person employed by the exchange and
located in or near the trading pit who records prices as they occur
during trading.
- Marking-to-Market:
To debit or credit on a daily basis
a margin account based on the close of that day's trading session. In
this way, buyers and sellers are protected against the possibility of
contract default.
- Minimum Price Fluctuation:
See Tick.
- Money Supply:
The amount of money in the economy,
consisting primarily of currency in circulation plus deposits in
banks: M-1\u2013U.S. money supply consisting of currency held by the
public, traveler's checks, checking account funds, NOW and super-NOW
accounts, automatic transfer service accounts, and balances in credit
unions. M-2\u2013U.S. money supply consisting of M-1 plus savings and
small time deposits (less than $100,000) at depository institutions,
overnight repurchase agreements at commercial banks, and money market
mutual fund accounts. M-3 \u2013U.S. money supply consisting of M-2
plus large time deposits ($100,000 or more) at depository
institutions, repurchase agreements with maturities longer than one
day at commercial banks, and institutional money market accounts.
- Moving-Average Charts:
A statistical price analysis
method of recognizing different price trends. A moving average is
calculated by adding the prices for a predetermined number of days and
then dividing by the number of days.
- Municipal Bonds:
Debt securities issued by state and
local governments, and special districts and counties.
 
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