Glossary

This glossary is available to download as a PDF

1. A
2. B
3. C
4. D
5. E
6. F
7. G
8. H
9. I
10. J
11. K
12. L
13. M
14. N
15. O
16. P
17. Q
18. R
19. S
20. T
21. U
22. V
23. W
24. X
25. Y
26. Z

I

Implied volatility

The volatility implied by the market price of the option

Indication only

Quotations which are not firm.

Insider Dealing

The purchase or sale of securities (or other financial instruments) by someone who possesses inside" information

In-the-Money (ITM)

An option with an exercise price more advantageous than the current market level of the underlying.

Intrinsic Value

One of the components of an option premium. The amount by which an option is in-the-money.

Investment Trust

A collective investment fund in the form of a listed company which holds a portfolio of securities on behalf of its shareholders.

ISDA

International Swaps and Derivatives Association, Many market participants use ISDA swap documentation.