Fast Market	A financial market that has a combination of high volatility and heavy trading.
Foreign Exchange (FX)	the process of balancing accounts in commercial transactions between business organizations of different nations.
Forward contract	A cash market transaction in which delivery of the commodity is deferred until after the contract has been made. Although the delivery is made in the future, the price is determined on the initial trade date.
Forward market	Non-exchange trading of commodities or other assets to be delivered at a future date. Contracts for forward delivery are tailored, i.e., delivery time, location and amount are determined between each seller and buyer and generally involve marketing, merchandising and delivery.
Future	speculative purchases or sales of commodities for future receipt or delivery.
Futures Commission Merchant (FCM)	Individuals, associations, partnerships, corporations and trusts that solicit or accept orders for the purchase or sale of futures and options on futures and that accept payment from or extend credit to those whose orders are accepted. FCMs must be registered with the National Futures Association.
Futures price	the delivery price currently applicable to a futures contract