Position Trader Law and Legal Definition

Position trader is a commodity trader who either buys or sells contracts and holds them for an extended period of time, as distinguished from a day trader, who will normally initiate and offset a futures position within a single trading session. [Stender v. Provident Life & Accident Ins. Co., 2000 U.S. Dist. LEXIS 11478 (N.D. Ill. June 28, 2000)].