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Revenue Swap

A swap that is made up of a number of zero-coupon swaps with increasing maturities. Each of the zero-coupon swaps...

Negative Slippage

The unexpected costs that arise from having to take/ purchase a large futures position at increasing prices. Therefore, the mark-to-market...

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...

Roll Down

An option strategy that is based on the replacement of a position by closing out one option contract at a...

Wild Card Play

The right of the seller of a futures contract to deliver on that contract at the closing price for a...

Roll Down and Out

An option-related strategy that is based on the replacement of a position by closing out one option with a near-month...

Reverse Calendar Spread

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

Warehousing

The act of managing a portfolio of a specific type of financial instrument/ product. For example, warehousing of swaps refers...

Running a Book

The act of managing a portfolio of a specific type of financial instrument/ product. For example, running a book of...