A gut spread that is established by combining short in-the-money calls and short in-the-money puts, with all options having the…

An agreement that was signed, in 1792, by 25 New York stockbrokers and merchants to establish an investment community that…

An interest rate swap in which the principal increases according to a predetermined schedule. This type of swap might be…

An abbreviation for short-term interest rate contract. STIR contracts may take the form STIR futures, STIR option, STIR swap, etc.…

A sell-side trader who sells exchange services to buy-side firms (such as investment managers and institutional investors) in return for…

A type of capped floored FRN in which the capped coupon varies over the life of the note/ bond. An…

A callable swap that can be cancelled only on a single pre-determined date in the future. This swap gives the…

An institutional investor that invests money at its disposal. Examples include mutual funds, pension funds, endowments, trusts, insurers, hedge funds,…

A modified version of the chooser flexible cap in which the total cap notional amount that may be exercised over the…

A trader who buys exchange services from a sell-side trader (s). Examples of buy-side traders are individual investors and institutional…