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Treasury Note Futures Option

A futures option, usually traded on the CBOT, which gives the holder the right to enter into a futures contract…

Treasury Rate Index Principal Swap

An index principal swap in which the floating rate leg is based on the treasury bill auction rate (usually the…

Capped Style Call

A capped option that constitutes a long call position in which a cap is placed on the maximum payout of…

Cornering the Market

A trading irregularity which constitutes an illegal practice where a group of investors takes an influential long position in futures,…

COFI Swap

In the US, an interest rate swap in which the floating rate leg is referenced to the Cost of Funds…

Capped CMCDS

A constant maturity credit default swap (CMCDS) in which the rate is capped at a specific level. This swap combines…

Currency KIKO Option

A KIKO option that enables currency traders to sell a specific currency at a fixed exchange rate against another currency…

Call Short Butterfly

A neutral option strategy (broadly a short butterfly) that is based on three legs involving selling a low strike call,…

Weekly Option on VIX Futures

An exchange-traded option on a futures contract whose underlying is the CBOE volatility index. It has an American-style exercise, i.e.,...

NARC

It stands for noon average rate contract, which is by definition an average rate option (ARO) or average rate forward...