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R/T Rate

It stands for round-turn rate; the total cost of a commodity transaction. It consists of all bid-ask spreads, exchange fees,...

CAPS

It stands for capped index options which are exchange-traded options with a European exercise in which a maximum level is...

PNL Option

An option that allows its holder to lock in the profit of optimal trading on a specified asset subject to...

GDD

An abbreviation for growing degree days; a measure that is used in weather derivatives. By definition, it is the degrees...

Yankee CD

An acronym for Yankee certificate of deposit; a negotiable time deposit that is issued in the United States by a...

YCD

An acronym for Yankee certificate of deposit; a negotiable time deposit that is issued in the United States by a...

LEAPS

It stands for long-term equity anticipation security; an American call or put option on securities or indexes. This kind of...

SATB

It stands for short against the box; a short sale against the box of a stock is a trade in...

RORO

It stands for risk-on, risk-off; the process of two-way switching between risky and risk-free investments depending on or in reaction...

Daily VWAP

A form of VWAP (volume-weighted average price) that is calculated based on daily transactions. In other words, it is the...