Definitions for "Changer"
Keywords:  arbitrage, midam, relisted, mce, cbot
A clearing member of both the Mid-America Commodity Exchange (MCE) and another futures exchange who, for a fee, will assume the opposite side of a transaction on the MCE by taking a spread position between the MCE and another futures exchange which trades an identical, but larger, contract. Through this service, the changer provides liquidity for the MCE and an economical mechanism for arbitrage between the two markets.
Formerly, a clearing member of both the Mid-America Commodity Exchange (MidAm) and another futures exchange who, for a fee, would assume the opposite side of a transaction on MidAm by taking a spread position between MidAm and the other futures exchange that traded an identical, but larger, contract. Through this service, the changer provided liquidity for MidAm and an economical mechanism for arbitrage between the two markets. MidAm was a subsidiary of the Chicago Board of Trade (CBOT). MidAm was closed by the CBOT in 2003 after all MidAm contracts were delisted on MidAm and relisted on the CBOT as Mini contracts. The CBOT still uses changers for former MidAm contracts that are traded on an open outcry platform.
Keywords:  inconstant, apt, person, one
One apt to change; an inconstant person.
an electronic device which changes one replaceable medium for another, such as a record changer, which can store several records and move each one automatically to the playing table; or a CD changer, whch can store multiple compact disks and move each one to the reading slot, in a sequence determined by the user.
an automatic mechanical device on a record player that causes new records to be played without manual intervention
a person who changes something; "an inveterate changer of the menu"
Keywords:  robotic, library, online, element, unit
The robotic element of an online library unit.
Keywords:  alters, anything, form, one
One who changes or alters the form of anything.
Keywords:  coin, machine, free, standing, gives
A free standing machine that gives coin change.
Keywords:  deals, money, one
One who deals in or changes money.