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National Institute of Securities Markets (NISM) is an Indian public trust and also the national apex body for the regulation and licensing of financial market dealing profession in India along with being the central civil service staff training institute of SEBI established in 2006 by the Securities and Exchange Board of India (SEBI) the ...
ACI The Financial Markets Association, f.k.a. Association Cambiste Internationale, offers a full 'suite of examinations' including Dealing & Operations certificates, among others CFA Institute Certified Futures and Options Analyst (CFOA), an examination focused on derivatives offered by the ICFDT.
The Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market.Before it came into existence, the Controller of Capital Issues was the market's regulatory authority, and derived power from the Capital Issues (Control) Act, 1947. [6]
More generally though, simulation is employed for path dependent exotic derivatives, such as Asian options. In other cases, the source of uncertainty may be at a remove. For example, for bond options [3] the underlying is a bond, but the source of uncertainty is the annualized interest rate (i.e. the short rate).
Equity basket derivatives are futures, options or swaps where the underlying is a non-index basket of shares. They have similar characteristics to equity index derivatives, but are always traded OTC (over the counter, i.e. between established institutional investors), [ dubious – discuss ] as the basket definition is not standardized in the ...
The Black model extends Black-Scholes from equity to options on futures, bond options, swaptions, (i.e. options on swaps), and interest rate cap and floors (effectively options on the interest rate). The final four are numerical methods, usually requiring sophisticated derivatives-software, or a numeric package such as MATLAB.
A particularly important measure of moneyness is the likelihood that the derivative will expire in the money, in the risk-neutral measure. It can be measured in percentage probability of expiring in the money, which is the forward value of a binary call option with the given strike, and is equal to the auxiliary N ( d 2 ) term in the Black ...
NISM may refer to: National Institute of Securities Markets , an Indian public trust Nexus International School Malaysia , a private international school based in Putrajaya, Malaysia