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.
IMPORTANT: Product trading eligibility is partially dependent on your Financial Profile, which consists of the following criteria: Income and Worth (USD), Source of Wealth, Investment Experience and Investment Objectives.