Foreign exchange swaps (FX swaps) are typically quoted in terms of pips (exchange rates are generally quoted up to five...

The floating price that is paid on a fixed-for-floating or floating-for-floating swap or a floating-price cash market transaction. The floating...

A variable interest rate on one or two legs of a swap. This rate changes or floats every time the...

A common option cycle which constitutes a series of option contracts that have the same terms and features and expire…

A spreadlock (a type of credit derivative) that is based on a forward contract. It allows the holder to lock...

The trader who takes a short position in futures, i.e., he/she will sell the underlying commodity of a futures contract,…

The trader who takes a long position in futures, i.e., he/she will buy the underlying commodity of a futures contract,…

An option that gives its holder the right, without the obligation, to enter into a forward swap at a given maturity/expiration…

A limit on speculative positions in options on futures contracts. The futures-equivalent of an option position is the number of…

Flexible options, or FLEX options, that are offered on equities and equity indices with nonstandard terms. Such nonstandard terms usually…