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The Traders Spread

First Notice Day

According to Chicago Board of Trade (CBOT) rules, the first day on which a notice of intent to deliver a commodity or a physical asset in fulfilment of a futures contract by the clearinghouse to a buyer. The clearinghouse also informs the seller of the futures contract who they have been matched up with.

More terms under F

Part of the Trading glossary. Definitions are general explanations, not investment advice.