GLOSSARY OF TERMS
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Q

Qualifier The time for which the order is valid FAK, Session, FOK, Day, GTC, GTD. Validity field options.
Quantity Number of units or lots of a futures contract. Sometimes also called size.
Quotation (Quote) 1 - The actual price, bid, or asked price of either cash commodities or futures contracts. 2 - An indication of current bids and offers in the market on a particular instrument or spread.
Quote An indication of current bids and offers in the market on a particular contract or spread.
Quote Currency Currency being used to pay for the transaction.
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