The risk that arises in many types of exotic options (particularly, multi-asset options, basket options, etc.) A correlation risk is...
A best-of option whose payoff at maturity is equal to whichever is higher of two values: zero or the maximum...
A basket option whose underlying is a portfolio consisting of a set of stocks or based on a stock index....
A trading algorithm that is used by electronic traders to execute orders on a basket of securities simultaneously (i.e., optimized...
A family of options whose underlying is a basket of assets, commodities, securities, currencies, etc. This multivariate option (warrant) is...
An option (a special case of rainbow options) where the holder is long put on the worst performing stock (asset)...
A certificate of deposit (CD) that links the rate of return (yield) to the performance of a basket of stocks....
A certificate of deposit (CD) that links the rate of return (yield) to the performance of a basket of stocks....
An over-the-counter swap that allows investors to take bets on, or hedge against, risks associated with the empirical correlation of...
A swap in which the observed correlation between the underlying assets in a basket is used as a basis for...