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Cross-Currency Floor

A cash-settled option that sets a minimum limit (floor/ interest rate floor) on the spread between two benchmark interest rates…

Short Box

A complex option trading strategy (originally a box) that involves selling a bull call spread and a corresponding bear put…

Clawback

A clause in a law, contract, agreement, etc, that limits or reverses a payment or profit distribution for particular reasons.…

Short Gut Iron Albatross

A gut iron albatross spread which is constructed by selling one call at the lowest exercise price, buying one call...

Turtle Trade

A ratio spread which is established in a given market and combined with a short or long position in an...

Consolidated Best Bid and Offer

The consolidation of all national markets' best quotations (on both sides) as reflected in the calculation and dissemination of the...

Consolidated Bid and Ask Spread

The consolidation of all national markets' bid-ask spread quotations as reflected in the calculation and dissemination of the highest firm...

RTS

It stands for reduced tick spread; an interest rate futures calendar spread which involves buying near-month futures and selling far-month...

Reduced Tick Spread

An interest rate futures calendar spread which involves buying near-month futures and selling far-month futures at a reduced tick interval...

Reverse Calendar Spread

An option or futures spread which reverses a regular calendar spread. That is, it is created by longing a near-month...