Commodities Now Glossary

SaaS - Software-as-a-Service, sometimes referred to as "on-demand software" is a software delivery model in which software and associated data are centrally hosted on the cloud. SaaS is typically accessed by users using a thin client via a web browser.

Sapient Global Markets - a division of Sapient and a leading provider of services to today’s evolving financial and commodity markets.

Scalper - 

A trader who trades for small, short-term profits during the course of a trading session, rarely carrying a position overnight.

Sofia Commodity Exchange (SCE) - Sofia Commodity Exchange (SCE) – the first and the largest organized, concentrated and featuring fast liquidity exchange market in Bulgaria. Here, based on the traditional for the exchange trade warranties and facilities, you can implement fast and secure purchase/ sale of large amounts of goods of fixed origin and proven quality on true balanced market prices. SCE offers the best conditions in the country for an active whole sale trading, providing a global market to the businessmen, guaranteeing well-balanced prices to the traders, facilitates the supply of the required raw materials for the manufacturers.

SEC - the Securities and Exchange Commission's mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

Securities Industry and Financial Markets Association - (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. These companies are engaged in communities across the country to raise capital for businesses, promote job creation and lead economic growth.

SEF – SEF – Swap Execution Facility, a platform for regulated trading and clearing of swaps to be required in the United States by the Dodd–Frank Wall Street Reform and Consumer Protection Act. There’s been a lot of uncertainty about just what a swap execution facility is, but the bill provides enough clues to get a pretty good idea ... in essence, SEFs must be a many-to-many execution platform that is also self-regulating entity that polices for trade practice violations and manipulation. The combination of many-to-many with “impartial access” and extensive pre-trade and post-trade transparency effectively requires the creation of a public exchange; the mandated link between clearing and SEF execution is also very (futures) exchange-like.

Selling(short)hedge - 

Selling contracts to protect against possible declining prices of commodities that will be sold in the future. At the time the cash commodities are sold, the open futures position is closed by purchasing an equal number and type of futures contracts as those that were initially sold.

Settlement price - 
The last price paid for a commodity on any trading day. The exchange clearinghouse determines a firm’s net gains or losses, margin requirements, and the next day’s price limits, based on each futures and options contract settlement price. If there is a closing range of prices, the settlement price is determined by averaging those prices. Also referred to as settle or closing price.

Shanghai Gold Exchange (SGE) - Shanghai Gold exchange (SGE thereafter), approved by the State Council and founded by the People's Bank of China, performs the regulated functions stipulated by Management Rules of Gold Exchange and organizes gold transactions with the principle of openness, fairness, justness and honesty.

Singapore Exchange (SGX) - Singapore Exchange Limited (SGX) is Asia-Pacific's first demutualised and integrated securities and derivatives exchange. SGX was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). www.sgx.com

Shanghai Metals Market – (SMM) is China's leading, independent, integrated supplier of metals market intelligence, industry events, research and consulting, and e-commerce services. SMM's flagship portal – www.metal.com - boasts China's largest number of metals industry customers and has far and away the largest volume of unique daily visitors owing to the richness of its data and Chinese metals market information. SMM employs over 400 professionals dedicated to providing accurate, third-party information and intelligence to customers across China's metals industrial chains as well as in related finance and investment sectors.

Sharps Pixley - a London-based bullion brokers selling retail physical precious metals. Oginally founded through the merger of two bullion businesses whose origins date back to 1778, Sharps Pixley was formerly a central player in the London gold and silver bullion broking community as an original gold fixing member and chairman of the silver fix. The company name expired in 1995 but was revived in 2010 followed by the purchased of the company trade mark from the previous owners of the business, Deutsche Bank, thereby providing a link with the original firm.

Shanghai Futures Exchange (SHFE) - Shanghai Futures Exchange (SHFE) is organized under relevant rules and regulations. A self-regulated entity, it performs functions that are specified in its bylaws and state laws and regulations. It is regulated by the China Securities Regulatory Commission (CSRC). At present, futures contracts underlying commodities, i.e., gold,copper, aluminum, steel rebar,steel wire rod,natural rubber, fuel oil and zinc, are listed for trading.

Short hedge - 

Selling futures contracts to protect against possible declining prices of commodities that will be sold in the future. At the time the cash commodities are sold, the open futures position is closed by purchasing an equal number and type of futures contracts as those that were initially sold.

Sibiu Monetary/Financial & Commodities Exchange (SIBEX) - Sibiu Monetary Financial and Commodities Exchange has known a series a important developments that have contributed to growth and consolidation of it's position within the Romanian and international capital markets. Further on, are the developments that have marked the evolution of SMFCE.

Singapore Commodity Exchange (SICOM) - Singapore Commodity Exchange (SICOM) provides a highly trusted and efficient marketplace for commodity futures trading and clearing in Singapore.

SIFMA – The Securities Industry and Financial Markets Association (SIFMA) represents hundreds of securities firms, banks and asset managers. SIFMA's mission is to develop policies and practices which strengthen financial markets and which encourage capital availability, job creation and economic growth while building trust and confidence in the financial industry. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA).

Singapore Exchange - SGX is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia’s most internationalised exchange with more than 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world’s biggest offshore market for Asian equity futures market, centred on Asia’s three largest economies – China, India and Japan.

Singapore Mercantile Exchange - (SMX) is a pan-Asian multi-product commodity and currency derivatives exchange situated in Singapore. It offers a comprehensive platform for trading a diversified basket of commodities including futures and options contracts on precious metals, base metals, agriculture commodities, energy, currencies and indices.