An "actual" is the underlying commodity in a futures contract, rather than the futures contract itself. In an against actual trade, a seller may offer cash to futures contract buyers, rather than have to physically deliver the underlying commodity. For investors in futures contracts, high volume around actual futures trades might indicate that investors are incentivizing cash transactions to physical delivery.
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against actual: translation The term used on the LIFFE commodity market for an exchange for physicals. Dresdner Kleinwort Wasserstein financial glos... смотреть