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changer

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Hanger
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chang⋅er

  [cheyn-jer]
Use changer in a Sentence
–noun
1. a person or thing that changes something.
2. record changer.
3. Obsolete. a moneychanger.
Origin:
1350–1400; ME. See change, -er 1
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Hanger
Find Hanger at Target. Shop and Save at Target.com.
www.Target.com
chang·er   (chānj'ər)   
n.  

  1. One that changes something: an inveterate changer of decor.

  2. A device that causes each of a series of audio or audiovisual recordings to be played automatically: a record changer; a compact disk changer.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Changer

The name given to a clearing member that is willing to assume the opposite position of a futures contract within a larger alternative exchange, of which it also is a clearing member.

Investopedia Commentary

A changer commonly refers to clearing members of the CME who provide liquidity by taking the opposite futures positions on larger alternative exchanges. As changers must bear the risks associated with entering into the opposite futures transaction, they charge a fee for their services.

See also: Associated Person, Broker Association

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