An options contract is an agreement between two parties to facilitate a potential transaction on an underlying security at a preset price, referred to as the strike price, prior to or on the expiration date.
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A stock is a security that represents the ownership of a fraction of a corporation. This entitles the owner of the stock to a proportion of the corporation's assets and profits equal to how much stock they own. Units of stock are called "shares"…
Complex or Leveraged Exchange Traded Products (CLPs) are funds or notes that trade on an exchange but have very different characteristics from shares of stock or ordinary exchange-traded funds (ETFs).
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A bond is a fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). A bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the load and its payments. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations. Owners of bonds are debt-holders or creditors, of the issuer…
A mutual fund is a company the pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in the mutual funds. Each share represents and investor's part ownership in the fund and the income it generates…
A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange…
Cryptocurrency is a kind of digital money that is expressed in the form of tokens or "coins". While some cryptocurrencies have become more widespread and even usable in the physical world via credit cards and other retailers, the large majority remain entirely intangible. The "crypto" in cryptocurrencies refers to the complex cryptography that allows the creation and processing of digital currencies and their transactions across decentralized systems…
Metals contracts are registered electronic Warrants and/or Accumulated Certificate of Exchange ("ACE") and are classified as electronic documents of title under Article 7 of the Uniform Commercial Code (UCC) and issued by Exchange-approved COMEX depositories. Warrants are issues based on the COMEX Precious Metals Futures traded via COMEX, specifically, Gold (GC), Silver (SI) and the corresponding micro contracts for Gold (MGC) and Silver (SIL). Physical delivery, in this context, is represented by the delivery-versus-payment of a registered electronic Warrant or an "ACE". Each Gold (GC) and Silver (SI) future will deliver one warrant representing deliverable grade gold or silver associated with the contract unit, whereas Micro Gold and Silver contracts deliver an "ACE", issued by the Clearing House…
Warrants are a derivative that give the right, but not the obligation, to buy or sell a security, most commonly an equity, at a certain price before expiration. The price at which the underlying security can be bought or sold is referred to as the exercise or strike price. An American warrant can be exercised at any time on of before the expiration date, while European warrants can only be exercised on the expiration date. Warrants that give the right to buy a security are known as call warrants; those that give the right to sell are known as put warrants…
An option on a futures contract gives the holder the right, but not the obligation, to buy or sell a specific futures contract at a strike price on or before the option's expiration date. These work similarly to stock options, but differ in that they underlying security is a futures contract…
A single-stock future (SSF) is a futures contract between two parties. The buyer of the SSF, or the "long" side of the contract, promises to par a specified price for 100 shares of a single stock at a predetermined future date (the delivery date). The seller, who is on the "short" side of the contract, promises to deliver the stock at the specified price on the delivery date…