DERIVATIVES – OPTIONS AND FUTURESDerivatives – Options and Futures • September 20th, 2017
Contract Type FiledSeptember 20th, 2017It is an arrangement or product (such as a future, option, or warrant) whose value derives from and is dependent on the value of an underlying asset, such as a commodity, currency, or security. A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties based upon the asset or assets. Its value is determined by fluctuations in the underlying asset.