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Swap Futures

A futures contract which typically has an interest rate swap as underlying. It offers an instrumental tool for corporate treasurers,...

Spark Spread Futures

A futures contract that has the spark spread as underlying. This implies that an investor buys or sells the price...

Short Cartwheel

A complex option trading strategy (cartwheel) in which the position is established by combining a long put backspread and a...

Short the Basis

The purchase of futures contracts as a hedge against a short position in futures or options whereby a trader is...

Spark Spread

The spread between the price of electricity and the price of natural gas needed to generate that electricity. More specifically,...

Short Jelly Roll

A jelly roll consists of a long time spread and a short time spread, one made up of puts, the...

Single-Period Volatility Swap

A swap that entails the exchange of a single period's cash flows linked to the volatility of a specific market...

Spreadlock

A derivative contract that allows a market participant to enter into an interest rate swap (IRS) at a preset spread...

Spreadtion

An OTC option which is written on a spread. The spreadtion is usually used to lock in the difference between...

Spread Option

An OTC option which is written on a spread. The spread option is usually used to lock in the difference...