Derivative instruments::Stock market
Financial innovation has brought many new financial instruments whose pay-offs or values depend on the prices of stocks. Some examples are exchange-traded funds (ETFs), stock index and stock options, equity swaps, single-stock futures, and stock index futures. These last two may be traded on futures exchanges (which are distinct from stock exchanges—their history traces back to commodity futures exchanges), or traded over-the-counter. As all of these products are only derived from stocks, they are sometimes considered to be traded in a (hypothetical) derivatives market, rather than the (hypothetical) stock market.
Stock market sections
Intro Size of the market Stock exchange Trade Market participant History Importance of stock market Stock market index Derivative instruments Leveraged strategies New issuance ASX Share Market Game Investment strategies Taxation See also References Further reading External links
|PREVIOUS: Stock market index||NEXT: Leveraged strategies|