An exchange-traded fund (ETF) that faithfully tracks the performance of a market index without leverage (gearing). In other words, if...

The sensitivity of a convertible’s price to changes in parity value. More specifically, it measures the equity sensitivity of the...

A financial product (derivative) that tracks the performance of an underlying asset on a one-to-one basis. In other words, if...

The sum of all positive and negative deltas within a hedge trade position. It captures the delta of a complex...

It stands for basis point value; a tool that is used to measure interest rate risk, especially that associated with...

A tool that is used to measure interest rate risk, especially that associated with swap trading books (swap book), bond...

A third-order greek that measures the rate of change in the option gamma in response to a change in the...

It has different implications in different contexts. In general, delta defines the number of units of an asset that should...

A hedging technique which is used to provide insurance for a portfolio of investments by limiting exposure to delta or...

The first-order sensitivity (delta) of the price of a multi-asset option to a move in the correlation(s) between two underlyings...