EVEREST OPTION
Exotic equity option belonging to class called mountain range options. Its value is based on a basket of the underlying instruments, unlike a normally listed option with only one underlying asset. Such options take effect for very long periods, up to 10 years or longer. The payoff is based on the performance of the worst-performing stocks over the entire period.
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Third-Party Verification - TPV
Process in which an independent organization evaluates the client’s information to ensure its accuracy and intent. This is often used in tran ...
Series 23
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Fast Tape
A futures market that occurs when a single traded price is not available because of the fast and large number of transactions occurring in the pit. ...
Intrapreneur
An inside entrepreneur or an entrepreneur within a huge firm, who employs entrepreneurial skills without causing the risks linked to those activiti ...
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