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Initial Deposit

The cash which a futures trader has to deposit in a margin account as security for guaranteeing a contract fulfillment at...

Initial Margin

The cash which a futures trader has to deposit in a margin account as security for guaranteeing a contract fulfillment at...

Partially-Protected Equity-Linked Note

An equity-linked note (ELN) that allows the investor a full participation on the upside, while its protection on the downside...

Financial Derivative

An instrument (derivative) which derives its value from the performance or price movement of a financial instrument or index. Examples...

Put Reverse Knockout

A reverse knockout option (RKO option) in which the barrier is at a level below the spot underlying price. This...

Put Reverse Knock-Out

A reverse knock-out option (RKO option) in which the barrier is at a level below the spot underlying price. This...

ATMF Straddle

A volatility trading strategy that combines an at-the-money forward call (ATMF call) with an ATMF put with opposite deltas, in...

ATM Elasticity

An abbreviation for at-the-money elasticity; the elasticity of an option where its value increases (for a call) or decreases (for...

ATM Strike

Also at-the-money strike; the strike price of an option which is equal to the spot price of its underlying. The...

Wiener Process

A Gaussian stochastic process (a continuous-time stochastic process) that has independent increments and a vanishing mean, and it features an...