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Cross Sensitivity Measures

A set of greeks that measure the sensitivity of an option's value (also a warrant's value) to one of the...

Mini VIX Futures

An index derivative product, initially launched in 2009, which represents a smaller than standard-sized futures contract that is priced at…

Monte Carlo Method

A sophisticated analytical method which was initially introduced to find solutions for random-behavior problems by calculating approximate probabilities of specific…

Strangle

An option combination that constitutes a long position in both a call and a put which have the same expiration...

Strap

It is a combination of options whereby two calls and one put are bought on the same stock. The calls...

FX Swap Points

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

Put Spread

An option spread that combines a long position and short position in put options on the same underlying asset. By…

Putable Swap

A cancellable swap in which the fixed-rate receiver/ floating-rate payer has the right, but not the obligation, to terminate the…

Asset-Backed Security

A financial security (and a type of derivative) that is collateralized by a pool of underlying assets. Those assets could…

Knock-Out Knock-Out

A combination of barrier events (in relation to a barrier option, specifically a double barrier option) that takes place in...