Define each word: 1. Salomon Smith Barney. 2. Citigroup. 3. Derivative assets. 4. Option. 5. Exercise...

Define each word:

1. Salomon Smith Barney.

2. Citigroup.

3. Derivative assets.

4. Option.

5. Exercise or strike price.

6. Futures price.

7. Chicago Board of Trade

Solutions

Expert Solution

1. Salomon Smith Barney was an investment banking company and provided advisory services to venture capitalists. It was formed by the merger of Smith Barney with Salomon Brothers in 1997. This entity was defunct by 2003 when Citigroup acquired it.

2. Citigroup: Is a major business conglomerate in the US with the main focus on the financials. The main service line is providing banking services under Citibank and also provides investment banking and capital market securities trading.

3. Derivative assets: These are assets are derived from an underlying asset. The underlying asset could be stocks, currencies, commodities etc.

4. Option: An option is a contract which allows the buyer a right but not an obligation to exercise the contract on the strike date.

5. Exercise /Strike price: It is the price based on which the buyer of the option decides whether to exercise the option contract or not based on whether the buyer is in-the-money or not.

6. Futures price: A future is a contract in which the buyer is obligated to honour the contract which is settled across the exchange based on the future price.

7. Chicago broad of trade: It was first and oldest futures and options (derivatives) exchange in the world.

jeff jeffy answered 1 year ago

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