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DERIVATIVES ACRONYMS
The FAST FOX SAFEly LEAPS over CHAPS with CHIPS on SWINGS but will DIE and ROT to the ECHO of the buddhist OM.
Understood all that? If not, refer below! (If you know of any more please let us know).

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


A

AA - against actuals
AAPP - average all pig price (UK)
ABB - Association des Banques Belges (see also BBA, BVB)
ABI - Association of Italian Bankers
AE - account executive
AFBD - Association of Futures Brokers and Dealers (UK)
AFFM - Austrlian Financial Futures Market
AFOF - authorised futures and options funds (UK)
AIBD - Association of International Bond Dealers (now called International Securities Market Association)
AON - all or none
AMEX - American Stock Exchange
AOM - Australian Options Market
APT - automated pit trading system (LIFFE)
AP - associated person
ASTM - American Society for Testing Materials
ASX - Australian Stock Exchange
ASXD - Australian Stock Exchange Derivatives
ATA - Agrarische Termijnmarkt Amsterdam (Netherlands)
ATM - at-the-money (options)
ATS - automated trade system (New Zealand, NZFOE)
ATX - Austrian Traded Index

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B

BBA - British Bankers Association
BBA - Belgian Bankers' Association (see also BVB, ABB)
BBAISR - British Bankers Association Interest Settlement Rate
BBF - Bolsa Brasileira de Futuros
BCC - Banque Centrale de Compensation (France, contracts clearer for MATIF)
Bel-20 - stock index (Belgium, Brussels Stock Exchange)
Belfox - Belgian Futures abd Options Exchange
BFE - Baltic Futures Exchange (UK)
BFI - Baltic Freight Index
BIS - Bank for International Settlements
BM&F - Bolsade Mercadorias and Futuros Exchange
Bobl - bundesobligation (Germany, govt 5 yr bond)
BOJ - Bank of Japan
BOVESPA - Bolsas de Valores de Sao Paulo
BSI - British Standards Institute
BTAN - Bons du Trésor à Intéret Annuel Normalisé (French government treasury notes)
BUBOR - Budapest Interbank Offered Rate BTP - buoni del Tesoro Poliennali (Italian treasury bonds)
BVB - Belgische Vereniging van Banken (see also BBA, ABB)
BVRJ - Bolsa de Valores do Rio de Janeiro

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C

CAC-40 - Compagnie des Agents de Change-40 (French stock index)
CAD - Capital Adequacy Directive CBOE - Chicago Board Options Exchange (US)
CBOT - Chicago Board of Trade (US)
CCC - Commodity Credit Corporation (US)
CCIFP - Chambre de Compensation des Instruments Financiers de Paris (France, clearing house for MATIF)
CD - certificate of deposit
CDI - Certificado de Depsito Interbancrio (Brazil) CDR - collateralized depository receipt
CEA - Commodity Exchange Authority (US, replaced by CFTC in 1975)
Cedel - Centrale de Livraison de Valeurs mobiles(euromarket clearing system in Luxembourg)
C&F - cost and freight
CFTC - Commodities Futures Trading Commission (US)
CFO - cancel former order
CHAPS - Clearing House Automated Payment System (UK bankers clearing house)
CHIPS - Clearing House Interbank Payments Systems (US system of electronic bank transfers)
CIBOR - Copenhagen interbank offered rate (Denmark)
CIF - cost, insurance and freight
CME - Chicago Mercantile Exchange (US)
CMO - collateralized mortgage obligation (US)
COMEX - Commodity Exchange (US)
CORES - computer assisted order routing and execution system (Japan, TSE)
CPI - consumer price index
CPO - commodity pool operator (US)
CPS - clearing processing system (UK, LIFFE)
CRB - Commodity Research Bureau (US)
CSCE - Coffe, Sugar and Cocoa Exchange (US)
CTA - commodity trading adviser (US)
ctd - cheapest to deliver
CTR - computerized trading reconstruction system (US, CBOT)

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D

DA - discretionary account
DAX - deutsche Aktienindex - (German stock index)
Dibid - Dublin interbank bid rate
DIE - designated investment exchange (UK)
DMI - direct member input (UK, LIFFE)
DSR - delivery status report
DTB - Deutsche Terminborse (Germany, derivatives exchange in Frankfurt)
DTI - Department of Trade and Industry (UK)
DVP - delivery versus payment

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E

ECHO - Exchange Clearing House (for foreign exchange derivatives)
EDS - enter day stop order
EDSP - exchange delivery settlement price
EEP - exports enhancement programme (US)
EFP - exchange for physicals
EFS - exchange of futures for swaps
EOE - European Options Exchange (Netherlands, derivatives exchange in Amsterdam)
EOS - enter stop order
ERA - exchange rate agreement
ETO - exchange traded option

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F

FAS - free alongside ship
FAST - fast automated screen trading (UK, LCE)
FAZ - Frankfurter Allgemeine Zeitung (Germany, newspaper and stock index)
FCOJ - frozen concentrated orange juice
FIBOR - Frankfurt interbank offered rate
FIEX-35 - stock index (Spain)
FIMBRA - Financial Intermediaries Managers and Brokers Authority (UK)
FINEX - a division of the New York Cotton Exchange (US)
f.o.b. - free on board
FOFs - futures and options funds
FOK - fill or kill order
FOM - Finnish Options Market
f.o.r. - free on rail
FOX - London Futures and Options Exchange (UK, now re-named London Commodity Exchange)
FRA - forward rate agreement
FRN - floating rate note
FSA - financial services act (UK)
FSA - forward spread agreement
FTA - Financiele Termijnmarket Amsterdam (Netherlands, derivatives exchange in Amsterdam)
FTSE-100 - Financial Times Stock Exchange 100 stock index (UK)
FUTOP - Copenhagen Stock Exchange and Guaranteed Fund for Danish options and Futures (Denmark)
FX - foreign exchange
FXA - foreign exchange agreement

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G

G-10 - ten leading world industrial nations
GD - good for the day order
GEMM- gilt-edged market maker (UK)
GEMx - German Equity Market index (contract traded on OMLX)
GFOF - geared futures and options fund
GLOBEX - Global Electronic Exchange (developed by CME, CBOT, MATIF and Reuters)
GNMA - Government National Mortgage Association (US)
GNP - gross national product
GTC - good till cancelled order

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H

HFO - heavy fuel oil
Hibid - Hong Kong interbank bid rate
Hibor - Hong Kong interbank offered rate
HKFE - Hong Kong Futures Exchange
HSI - Hang Seng Index (Hong Kong)

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I

IBEX-35 - stock index (Spain)
ICC - Intermarket Clearing Corporation
ICCH - International Commodities Clearing House
IDB - intermediary dealer broker
Idem - Italian Derivatives Market
IFOX - Irish Futures and Options Exchange
IMI - International Market Index (US, AMEX)
IML - Institut Montaire Lunxembourgeois IMM - International Monetary Market (US, CME)
IMRO - Investment Managers' Regulatory Authority (UK)
INS - institutional net settlements
IOC - immediate or cancel order
IOM - Index and Options Market (US, CME)
IPE - International Petroleum Exchange (UK)
IRG - interest rate guarantee
ISDA - International Swaps and Derivatives Association
ISE - International Stock Exchange (UK, formerly the London Stock Exchange))
ISEQ - Irish Stock Exchange equity index
ISMA - International Securities Market Association
ITM - in the money (options)

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J

JEC - Joint Exchanges Committee - (UK)
JGB - Japanese Government Bond

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K

Kanex - Kansai Agricultural Commodities Exchange
KCBT - Kansas City Board of Trade (US)
KLCE - Kuala Lumpur Commodity Exchange (Malaysia)
KLOFFE - Kuala Lumpur Options & Financial Futures Exchange (Malaysia)
KRE - Kobe Rubber Exchange
KSE - Korea Stock Exchange

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L

LAUTRO - Life Assurance and Unit Trust Regulatory Authority (UK)
LCE - London Commodity Exchange (UK)
LCH - London Clearing House (UK)
LDB - liquidity data bank (US, CBOT)
LEAPS - long term rquity anticipation sevurities (US)
LEPO - low exercise price options (Switzerland, SOFFEX)
Libid - London interbank bid or deposit rate (UK)
Libor - London interbank offered rate (UK)
LIFFE - London Interntional Financial Futures and Options Exchange (UK)
LME - London Metal Exchange (UK)
LOCH - London Options Clearing House
LPG - liquid petroleum gas
LSE - London Stock Exchange
LTOM - London Traded Options Market (UK, now part of LIFFE)

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M

MAS - Monetary Authority of Singapore
MATIF - Marché à Terme International de France
MBS - mortgage backed security
ME - Montreal Exchange
MEFF Renta Fija - derivatives exchange in Barcelona, Spain
MEFF Renta Variable - derivatives exchange in Madrid, Spain
MERFOX - Mercadode Futuros y Opciones (Argentina, derivatives exchange in Buenos Aires)
MGE - Minneapolis Grain Exchange
MGMI - Metallgezellschaft Metals Index (UK, Fox)
Mibid - Madrid interbank bid rate
Mibor - Madrid interbank offered rate
MIB 30 - Milano Indice Borsa (Italian Stock Index) MidAm - MidAmerica Commodity Exchange (US, Chicago)
MIF - Mercato Italiano Futures (Italy, derivatives exchange)
MIFE - Manila International Futures Exchange (Philipines)
MIT - market if touched order
MKT - market order
MLC - Meat and Livestock Commission (UK)
MMI - Major Market Index (US, contract on CBOT, Amex, EOE)
MOC - market on close order
MOF - Ministry of Finance (Japan)
Mofex - Mercado de Opciones (Spain)
MQP - mandatory quote period
MSCI - Morgan Stanley Capital Index

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N

NASD - National Assocaiation of Securities Dealers (US)
NASDAQ - National Assocation of Securities Dealers Automated Quote System (US)
NFA - National Futures Association (US)
NOB - notes over bonds (US, CBOT)
NSE - Nagoya Stock Exchange (Japan)
NYBID - New York interbank bid rate (US)
NYBOR - New York interbank offered rate (US)
NYCE - New York Cotton Exchange (US)
NYFE - New York Futures Exchange (US)
NYMEX - New York Mercantile Exchange (US)
NYSE - New York Stock Exchange (US)
NZFOE - New Zealand Futures and Options Exchange

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O

OAT - obligations assumilables de trésor (France, government bonds)
OBO - order book official (US)
OBX - Oslo Stock Exchange (Norway)
OCC - Options Clearing Corporation (US)
OCO - one cancels the other order
OFT - Office of Fair Trading (UK)
OGE - Osaka Grain Exchange (Japan)
OIE - Overseas Investment Exchange
OIP - offical index period
OM - OM Stockholm Fondkommission (Sweden, options market)
OML - (former name of OMLX)
OMLX - The London Securities and Derivatives Exchange
OMS - margin system on OMLX
OMX - Option Market Index (Sweden, equity index)
OPEC - Organisation of Petroleum Exporting Countries
OSE - Osaka Securities Exchange (Japan)
OTC - over the counter
OTM - out of the money (options)
OTOB - Oesterreichische Termin und Optionborse (Austria, derivatives exchange in Vienna)
OTT - over the top (warrant)

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P

P&S - purchase and sale (statement from broker)
PBOT - Phildelphia Board of Trade (US)
PHLX - Philiadelphia Stock Exchange
PIBOR - Paris interbank offered rate
PLO - public limit order (UK, LTOM)
PLOB - public limit oder board (UK, LTOM)
PMB - Potato Marketing Board (UK)
POM - public order member
PPS - protecte payments system
PPI - producer price index
PRS - price reporting system
PSE - Pacific Stock Exchange (US, LA and San Francisco)

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Q

R

RAES - retail automated execution system (US, CBOT)
RCH - recognised clearing house (UK)
RCR - registered commodity representative (US)
RFC - registered floor clerk
RFT - registered floor trader
RIE - recognised investment exchange (UK)
RLO - retsricted life option ((UK, LIFFE)
ROT - registered options trader
RPB - recognised professional body
RPI - retail price index
RSI relative strength indicator (technical analysis)

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S

SAEF - Stock Exchange Automated Execution Facility (UK, LSE)
SAFE - simulation analysis of financial exposure (US, CBOT)
SAFE - synthetic agreement for forward exchange
SAFEX - South African Futures Exchange
SCMS - Société de Compensation des Marchés Conditionnels (France, operator of MONEP)
SDA - Stanza di Compensazione Titoli (Italy, settlement agency)
SDR - special drawing rights
SEBI - Securities and Exchange Board of India
SEAQ - Stock Exchange Automated Quotation System (UK, LSE)
SEHK - Stock Exchange of Hong Kong
SEPON - Stock Exchange Pool Nominees (UK, part TALISMAN settlement system)
SES - Singapore Stock Exchange
SET - Securities Exchange of Thailand
SFA - Securities and Futures Authority (UK)
SFE - Sydney Futures Exchange
SIB - Securities and Investments Board (UK)
SIMEX - Singapore International Monetary Exchange
SMR - standard Malaysian rubber
SOFFEX - Swiss Options and Financial Futures Exchange
S&P100,500 - stock indices (US)
SPAN - standard portfolio analysis of margin
SQQ - standard qulaity quotation (UK)
SRO - Self Regulatory Organisation
STI - Straits Times Index (Singapore, stock index)
SWIFT - (system of electronic bank transfers)
SWINGS - sterling warrants into gilt-edged securities
SYCOM - Sydney computerised overnight market

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T

TALISMAN - transfer account lodgement for investors, stock management for market-makers (UK, equities settlement system)
TAURUS - (UK, share registration system cancelled in 1993)
TED - (TED spread) US T-bond / eurodollar spread strategy
TGE - Tokyo Grain Exchange (Japan)
TIBOR - Tokyo interbank offered rate (Japan)
TIFFE - Tokyo International Financial Futures Exchange (Japan)
TIMS - theoretical indicatve margin system (US)
TOCOM - Tokyo Commodity Exchange (Japan)
TOPIC - teletex output of price informationby computer (UK, videotext stock price network)
TRS - trade registration system (UK, LIFFE)
TSE - Tokyo Stock Exchange
TSE - Toronto Stock Exchange

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U

USDA - United States Department of Agriculture

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V

VIBOR - Vienna interbank offered rate
VSE - Vancouver Stock Exchange (Canada)

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W

WCE - Winnipeg Commodity Exchange
WI - when issued
WTI - west Texas crude (oil)


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