Street Book

AAA

DEFINITION of 'Street Book'

A daily account of futures commission merchants and clearing members. The street book gives details on each futures transaction, including the date, type of commodity, price and the affected market. The street book also records the name of the person for whom the trade was made.

INVESTOPEDIA EXPLAINS 'Street Book'

The street book is maintained in order to determine what investors owe and to whom. In other words, it is like an itemized bill. It contains all the pertinent data required for clearance purposes. Maintaining a street book is also a crucial element in computing an investor's Adjusted Debit Balance, which determines how much he/she can purchase on margin.

RELATED TERMS
  1. Clearing

    The procedure by which an organization acts as an intermediary ...
  2. Futures Commission Merchant - FCM

    A merchant involved in the solicitation or acceptance of commodity ...
  3. Deck

    The number of open orders that a broker is working with at any ...
  4. Margin

    1. Borrowed money that is used to purchase securities. This practice ...
  5. Broker Association

    A permitted association between exchange members who have shared ...
  6. Cash-And-Carry Trade

    A trading strategy in which an investor buys a long position ...
Related Articles
  1. Are Derivatives Safe For Retail Investors?
    Options & Futures

    Are Derivatives Safe For Retail Investors?

  2. Interpreting Volume For The Futures ...
    Options & Futures

    Interpreting Volume For The Futures ...

  3. S&P 500 Options On Futures: Profiting ...
    Active Trading

    S&P 500 Options On Futures: Profiting ...

  4. How Does Your Margin Grow?
    Options & Futures

    How Does Your Margin Grow?

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center