Shorting futures may also be used for speculative trades, in which case the investor is looking to profit from any decline in the price of the futures contract prior to expiration.

Differences in prices can trigger arbitrage, i.e. speculative trade in a commodity across borders purely to exploit the price differential.

"People in Hong Kong like to punt the market," he said, using a British term for making speculative trades.

Seth Hukam Chand became a leading business magnate of the country doing speculative and ready trade in commodities on a large scale.

For initial speculative trades on the S.&P. 500 contract - the most active stock-index future -the Merc increased the margin to $10,000, from $6,000.

From 1992, Leeson made unauthorized speculative trades that at first made large profits for Barings: £10 million, which accounted for 10% of Barings' annual income.

Secondly, there must be an effective policy to combat speculative trade and finance, and there must be information for consumers and guarantee of transparency.

What can I utter to a world bereft Of physical and moral vision, Where nations are bought and sold In an inflationary and speculative trade?

Now the Fed needs to change expectations gradually so that speculative trades can be unwound without causing unnecessary damage to markets.

A result based on the agreement theorem and proven by Milgrom shows that, given certain conditions on market efficiency and information, speculative trade is impossible.