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Basket Algorithm

A trading algorithm that is used by electronic traders to execute orders on a basket of securities simultaneously (i.e., optimized...

Basket Option

A family of options whose underlying is a basket of assets, commodities, securities, currencies, etc. This multivariate option (warrant) is...

Worst-Of Option

An option (a special case of rainbow options) where the holder is long put on the worst performing stock (asset)...

Basket-Linked CD

A certificate of deposit (CD) that links the rate of return (yield) to the performance of a basket of stocks....

Basket-Linked Certificate of Deposit

A certificate of deposit (CD) that links the rate of return (yield) to the performance of a basket of stocks....

Correlation Swap

An over-the-counter swap that allows investors to take bets on, or hedge against, risks associated with the empirical correlation of...

Realized Correlation Swap

A swap in which the observed correlation between the underlying assets in a basket is used as a basis for...

ARBN

It stands for absolute return barrier note; a barrier note that pays the holder (investor), at maturity, the absolute performance...

Tracker Certificate

A structured product (structured certificate) that faithfully tracks the performance of its underlying. Its risk-return profile is identical to that...

Best-Of Option

An option on the best performing asset in a basket of assets during a designated period of time. The holder...