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NEO

An abbreviation for non-equity option; an option that is written on foreign currencies, bonds, and other debt issues, commodities, metals…

NOB Spread

The price differential between ten-year Treasury note futures and Treasury bond futures. Realizing profits from taking a view on this…

Near Perfect FRN

An FRN that is embedded with caps or collars (caps and floors) so that the floating rate movement (adjustment) is…

GAPP Futures

It stands for gas-at-the-pump futures. It is a futures contract in which the underlying is the retail price of gasoline.…

FMAN Option Cycle

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

UCOM

It stands for United Currency Options Market. A proprietary system which was introduced by the Philadelphia Stock Exchange (PHLX) to…

TLCDS

It stands for tranche-loss credit default swap; a basket-linked credit default swap(basket-linked CDS) which protects the buyer (the long) from…

ETO

It stands for exchange-traded option; an option (exchange-traded derivative) that trades on organized and regulated exchanges, as opposed to options…

EFP

It stands for exchange of futures for physicals. By definition, it is a transaction that involves simultaneously taking a cash…

ONA

It stands for outstanding notional amount; the gross nominal or notional value of all derivatives contracts that have been concluded,...