exchange-traded derivative
- exchange-traded derivative
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A financial contract traded on a regulated derivative exchange, such as the London International Financial Futures Exchange (LIFFE) and the Chicago Board of Trade. Only members of the exchange are permitted to finalise contracts, and non-members are only permitted to transact through a broker member of the exchange.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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