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Digital assets and currencies

Understand assets, networks and trading mechanics with sources you can check.

Finance

Fundamental theorem of asset pricing

The fundamental theorems of asset pricing (also: of arbitrage, of finance), in both financial economics and mathematical finance, provide necessary and sufficient conditions for a market to be arbitrage-free, and for a market to be complete. An arbitrage opportunity is a way of making money with no initial investment without any possibility of loss. Though arbitrage opportunities do exis

Banking

Funding liquidity

Funding liquidity is the availability of credit to finance the purchase of financial assets. The International Monetary Fund (IMF) defines funding liquidity as "the ability of a solvent institution to make agreed-upon payments in a timely fashion". In practice, funding liquidity refers to whether a bank or financial institution can meet its payment obligations at a given point in time.

Finance

Fundraising

Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gather money for nonprofit organizations, it is sometimes used to refer to the identification and solicitation of investors or other sources of capit

Finance

Future value

Future value is the value of a current sum of money or stream of cash flows at a specified date in the future, given an assumed rate of return or interest rate. It reflects the time value of money, which holds that a sum of money has different value at different points in time because it can earn a return if invested.

Securities & exchanges

Futures contract

In finance, a futures contract (often just called a future) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The item transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the forward price or delivery pric

Trading basics

Futures exchange

A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. Futures exchanges provide physical or electronic t

Trading basics

FXCM

FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker for trading on the foreign exchange market. FXCM allows people to speculate on the foreign exchange market and provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. It is based in London.

Finance

Gender pension gap

The gender pension gap (also known as the sex pension gap) is the percentage difference in pension income between women and men. It is often calculated as the difference between the average man's pension and the average woman's pension, expressed as a percentage of the man's. The gap averages 26% across OECD countries.

Trading basics

Georges Doriot

Georges Frédéric Doriot (English: dor-EE-oh, French: [ʒɔʁʒ fʁedeʁik dɔʁjo]; 24 September 1899 – 2 June 1987) was a French-born American professor, military officer and venture capitalist.

Trading basics

German Coinage Act

On the founding of the German Empire in 1871, trade and transport was hampered by the existence of eight different currency systems across the various member states of the Empire. There were eight state currencies whose coins included the Thaler, Vereinsthaler, Konventionsthaler, Kreuzer, Heller, Groschen, Silbergroschen, Neugroschen, Gulden, Konventionsgulden, Schilling, Mark, Pfennig,

Finance

GIFT International Financial Services Centre

The GIFT International Financial Services Centre (GIFT IFSC) is a financial centre and special economic zone in GIFT City, India. It was established in 2015 as a financial hub to provide world-class infrastructure and services for financial institutions and companies operating in areas such as banking, insurance, capital markets, and asset management. GIFT IFSC is regulated by the Intern

Banking

Giovanni Villani

Giovanni Villani (Italian pronunciation: [dʒoˈvanni vilˈlaːni]; c. 1276 or 1280 – 1348) was an Italian banker, official, diplomat and chronicler from Florence who wrote the Nuova Cronica (New Chronicles) on the history of Florence. He was a leading statesman of Florence but later gained an unsavoury reputation and served time in prison as a result of the bankruptcy of a trading and banki

Finance

Girsanov theorem

In probability theory, Girsanov's theorem or the Cameron-Martin-Girsanov theorem explains how stochastic processes change under changes in measure.

Trading basics

Gladstone (cat)

Gladstone (born c. December 2014) is a cat who was the resident chief mouser to HM Treasury in Whitehall, London. He is a black domestic short-haired cat, who, at eighteen months old, assumed the position of chief mouser in late June 2016, a position which he served until December 2019. Gladstone's political namesake is former Chancellor and Prime Minister William Ewart Gladstone, who se

Finance

Global Finance & Technology Network

Global Finance & Technology Network (GFTN) (formerly Elevandi) is a Singapore-based nonprofit organisation created by the Monetary Authority of Singapore (MAS) in 2024 to support the development of the global fintech ecosystem.

Securities & exchanges

Glossary of stock market terms

Following is a glossary of stock market terms.

Finance

Going Infinite

Going Infinite: The Rise and Fall of a New Tycoon is a 2023 book by Michael Lewis about Sam Bankman-Fried, a fraudster who founded the failed cryptocurrency exchange FTX. The book's publication date, October 3, 2023, coincided with the beginning of Bankman-Fried's trial on seven counts of fraud and money laundering. On November 2, 2023, in the case of United States v. Bankman-Fried, Bank

Trading basics

Gold exchange-traded product

Gold exchange-traded products are exchange-traded products (ETPs) that seek to provide exposure to gold or to the market price of gold. They include exchange-traded funds (ETFs), closed-end funds (CEFs), and exchange-traded notes (ETNs). Gold ETPs are traded on the major stock exchanges including the SIX Swiss Exchange, the Bombay Stock Exchange, the London Stock Exchange, the Paris Bour

Banking

Gold repatriation

Gold repatriation is the process by which governments and central banks relocate sovereign gold reserves from foreign vaults back to domestic storage. Historically driven by bilateral trade reallocations or immediate security concerns, modern gold repatriation has evolved into an accelerating global trend. According to annual surveys by the World Gold Council, the proportion of central b

Trading basics

Gold rush

A gold rush or gold fever is a discovery of gold—sometimes accompanied by other precious metals and rare-earth minerals—that brings an onrush of miners seeking their fortune. Major gold rushes took place in the 19th century in Australia, Greece, Venezuela, New Zealand, Brazil, Chile, South Africa, the United States, and Canada while smaller gold rushes took place elsewhere.

Assets

Grams (search)

Grams was a search engine for Tor based darknet markets launched in April 2014, and closed in December 2017. The service allowed users to search multiple darknet markets for products like drugs and guns from a simple search interface, and also provided the capability for its users to hide their transactions through its bitcoin tumbler Helix.

Finance

Great Recession

The Great Recession was a period of contraction in economies around the world (particularly in the western world and associated countries) that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it

Trading basics

Greater fool theory

In finance, the greater fool theory suggests that one can sometimes make money through speculation on overvalued assets (items with a purchase price drastically exceeding the intrinsic value) if those assets can later be resold at an even higher price.

Finance

Green finance and the Belt and Road Initiative

Green finance is officially promoted as an important feature of the Belt and Road Initiative, China's signature global economic development initiative. The official vision for the BRI calls for an environmentally friendly "Green Belt and Road".

Finance

Greenspan put

The Greenspan put was a monetary policy that Alan Greenspan, during his tenure as chair of the Federal Reserve, exercised in response to financial crises. It was used for the first time with the crash of 1987. Though it was successful in addressing various crises, it became controversial as it led to periods of extreme speculation led by Wall Street investment banks overusing the put's r

Finance

Grey (company)

Grey, formerly known as Aboki Africa, is a financial technology company headquartered in Delaware, US. Founded in 2020 by Idorenyin Obong and Femi Aghedo during the global pandemic of 2020, the company focuses on creating global financial products for digital nomads. Grey is registered and licensed in Canada by FinTrac and the USA by FinCen and operates in the financial service market.

Trading basics

Ground rent

As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. The ground rent provides an income for the landowner. In economics, ground rent is a form of economic r

Securities & exchanges

Gympie Stock Exchange

Gympie Stock Exchange is a heritage-listed former bank building and former stock exchange at 236 Mary Street, Gympie, Gympie Region, Queensland, Australia. It was designed by Francis Drummond Greville Stanley and built from 1881 to 1882. It is also the former Australian Joint Stock Bank and the Neilson, Stanton and Parkinson Building. It was added to the Queensland Heritage Register on 1

Trading basics

Habendum clause

A habendum clause is a clause in a deed or lease that defines the type of interest and rights to be enjoyed by the grantee or lessee. In a deed, the habendum clause follows the granting clause and specifies the estate being conveyed, whether fee simple, life estate, leasehold, or another form of ownership interest, along with any conditions, limitations, or restrictions attached to that

Finance

Hawkes process

In probability theory and statistics, a Hawkes process is an age-dependent branching process driven by immigration from an inhomogeneous Poisson process. The process, named after Alan G. Hawkes, is also called a self-exciting point process., i.e., the occurrence of an event increases the likelihood of another event occurring. It has arrivals at times

Trading basics

Headline inflation

Headline inflation is a statistical measure of aggregate price movement within an economy, usually expressed as percentage change in the Consumer Price Index (or other price indices) over a specific time period. It is typically measured using a comprehensive array of goods and services, including commercial products such as food and energy (e.g., oil and gas), which tend to be much more

Finance

Heath–Jarrow–Morton framework

The Heath–Jarrow–Morton (HJM) framework is a general framework to model the evolution of interest rate curves – instantaneous forward rate curves in particular (as opposed to simple forward rates). When the volatility and drift of the instantaneous forward rate are assumed to be deterministic, this is known as the Gaussian Heath–Jarrow–Morton (HJM) model of forward rates. For direct mode

Banking

Helicopter money

Helicopter money is a proposed monetary policy for inflation targeting, sometimes suggested as an alternative to quantitative easing (QE) when the economy is in a liquidity trap (when interest rates near zero and the economy remains in recession). Although the original idea of helicopter money describes central banks making payments directly to individuals, economists have used the term

Banking

Henry Oberlander

Henry Oberlander (born c. 1927) was the leader of the Hungarian Circle, a gang that defrauded international banks of hundreds of millions of pounds. Following a global investigation, the gang were arrested in 1978 at their headquarters in West London, England. During the trial, the prosecution asserted that the gang "could have wrecked the entire banking system of the Western World". Th

Trading basics

Herd behavior (economics)

In economics, herd behavior is commonly observed in stock market and marketing.

Securities & exchanges

Heston model

In finance, the Heston model, named after Steven L. Heston, is a mathematical model that describes the evolution of the volatility of an underlying asset. It is a stochastic volatility model: such a model assumes that the volatility of the asset is not constant, nor even deterministic, but follows a random process.

Finance

High frequency data

High frequency data refers to time-series data collected at an extremely fine scale. As a result of advanced computational power in recent decades, high frequency data can be accurately collected at an efficient rate for analysis. Largely used in the financial field, high frequency data provides observations at very frequent intervals that can be used to understand market behaviors, dyna

Trading basics

Hire purchase

A hire purchase (HP), also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as closed-end leasing or rent-to-own.

Trading basics

Historical money of Tibet

The use of historical money in Tibet started in ancient times, when Tibet had no coined currency of its own. Bartering was common, gold was a medium of exchange, and shell money and stone beads were used for very small purchases. A few coins from other countries were also occasionally in use.

Trading basics

History of marketing

The study of the history of marketing, as a discipline, is important because it helps to define the baselines upon which change can be recognised and understand how the discipline evolves in response to those changes. The practice of marketing has been known for millennia, but the term "marketing" used to describe commercial activities assisting the buying and selling of products or serv

Finance

History of monetary policy in China

The history of monetary policy in China involves the evolution of the Chinese government's monetary policies from different imperial dynasties to the modern reforms created and employed by the Chinese Communist Party (CCP). China's monetary system changed significantly during the imperial period, moving from bronze coins to paper currency long before Europe did. In ancient times, variou

Finance

History of money

The history of money is the development over time of systems for the exchange of goods and services. Money is a means of fulfilling these functions indirectly and in general rather than directly, as with barter.

Trading basics

History of money in Finland

The history of money in Finland began from trading furs, primarily squirrel skins in the prehistoric times. The oldest metal coins found in Finland are Roman coins from a couple of thousand years ago. In the 5th century ancient Byzantian solidi were brought to Finland. There are plenty of coin discoveries in Finland from the Viking Age and from the crusades.

Trading basics

History of the Indonesian rupiah

The currency of Indonesia, the rupiah, has a long history dating back to its colonial period. Due to periods of economic uncertainty and high inflation, the currency has been re-valued several times.

Trading basics

HKeToll

HKeToll (Chinese: 易通行) is a free-flow tolling system owned by the Transport Department in Hong Kong. It is operated by Autotoll Limited. The system has been gradually put into use in various government-owned tunnels in Hong Kong to replace traditional toll booths and Autotoll from May 2023 onward.

Finance

Home equity protection

Home price protection is an agreement that pays the homeowner if a particular home price index declines in value over a period of time after the protection is purchased. The protection is for a new or existing homeowner that wishes to protect the value of their home from future market declines.

Banking

Hope & Co.

Hope & Co. was a Dutch bank that existed for two and a half centuries. The bank was located in Amsterdam until 1795; originally it concentrated on Great Britain. In the second half of the 18th century, it was the most powerful merchant bank of Amsterdam, and thus Europe, as Amsterdam was at that time Europe's leading financial centre. From 1750 it played a major part in the finances of t

Finance

House Committee on Finance

The House Committee on Finance is a standing committee of the House of Representatives in Nigeria. The committee is responsible for overseeing financial matters in the country, including revenue generation, budget planning, and fiscal policies.

Assets

HTX (cryptocurrency exchange)

HTX, formerly known as Huobi, is a Seychelles-based cryptocurrency exchange. Founded in China, (Chinese: 火币网; pinyin: Huǒbìwǎng), HTX now has offices in Hong Kong, South Korea, Japan and the United States. In August 2018, it became a publicly listed Hong Kong company. According to Bloomberg, it is owned by cryptocurrency billionaire Justin Sun.

Trading basics

Hull–White model

In financial mathematics, the Hull–White model is a model of future interest rates. In its most generic formulation, it belongs to the class of no-arbitrage models that are able to fit today's term structure of interest rates. It is relatively straightforward to translate the mathematical description of the evolution of future interest rates onto a tree or lattice and so interest rate de

Trading basics

Hype culture

The term hype culture refers to a cultural trend within contemporary consumer culture, that corresponds to the constant search of the last "big thing". This phenomenon circulates around the concept of expectation, more precisely it is characterized by an attitude of excessive and positive expectations that consumers attach to products, services or technological advancements which have ye

Finance

Hypothec

Hypothec (; from Lat. hypotheca, from Gk. ὑποθήκη: hypothēkē), sometimes tacit hypothec, is a term used in civil law systems (e.g. the law of most of Continental Europe) to refer to a registered real security of a creditor over real estate, but under some jurisdictions it may additionally cover ships only (ship hypothec), as opposed to other collaterals, including corporeal movables othe

Securities & exchanges

ICE Clear Credit

ICE Clear Credit LLC, a Delaware limited liability company, is a Derivatives Clearing Organisation (DCO) previously known as ICE Trust US LLC which was launched in March 2009.

Finance

Ikoyi

Ikoyi is the most affluent island of Lagos, located in Eti-Osa Local Government Area. It lies to the northeast of Obalende and adjoins Lagos Island to the west, and at the edge of the Lagos Lagoon. Popular with the extreme upper class residents of Nigerian society, Ikoyi is arguably one of the wealthiest communities within Nigeria.

Payments & settlement

Immediate Payment Service

Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. National Electronic Funds Transfer (NEFT) was also made available 24/7 from December 2019. Real-time gross settlement (RTGS) was also made available 24/7 from 14 December 2020.

Finance

Impact of microcredit

The impact of microcredit is the study of microcredit and its impact on poverty reduction which is a subject of much controversy. Proponents state that it reduces poverty through higher employment and higher incomes. This is expected to lead to improved nutrition and improved education of the borrowers' children. Some argue that microcredit empowers women. In the US and Canada, it is arg

Fiat currencies

Impossible trinity

In international economics and international political economy, the impossible trinity (also known as the trilemma, the monetary trilemma or the Unholy Trinity) is the view that it is impossible to have all three of the following at the same time:

Payments & settlement

In kind

The term in kind (or in-kind) generally refers to goods, services, and transactions not involving money or not measured in monetary terms. It is a part of many spheres, mainly economics, finance, but also politics, work career, food, health and others. There are many different types of in kind actions throughout the mentioned branches, which can be identified and distinguished.

Finance

Incentive stock option

Incentive stock options (ISOs), are a type of employee stock option that can be granted only to employees and confer a U.S. tax benefit. ISOs are also sometimes referred to as statutory stock options by the IRS. ISOs have a strike price, which is the price a holder must pay to purchase one share of the stock. ISOs may be issued both by public companies and private companies, with ISOs be

Trading basics

Income

Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law.

Trading basics

Incomes policy

Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish wages and prices below free-market level. Incomes policies have often been resorted to during wartime. During the French Revolution, "The Law of the Maximum" imposed price controls (by penalty of death) in an unsuccessful attempt to

Finance

Incomplete markets

In economics, incomplete markets are markets in which there does not exist an Arrow–Debreu security for every possible state of nature. In contrast with complete markets, this shortage of securities will likely restrict individuals from transferring the desired level of wealth among states.

Banking

Independent advisory firm

An independent advisory firm (sometimes less accurately called an advisory boutique) is an investment bank that provides strategic and financial advice to clients, primarily including corporations, financial sponsors, and governments. Revenues are typically generated by providing deal-specific advice related to mergers and acquisitions as well as financing. The WSJ noted in January 2016

Finance

Individual savings account

An individual savings account (ISA or Isa; ) is a class of retail investment arrangement available to residents of the United Kingdom. Introduced in 1999 as an Individual Special Savings Account (ISSA), the accounts are exempt from income tax and capital gains tax on the investment returns, and no tax is payable on money withdrawn from the scheme.

Payments & settlement

Instant payment

Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.

Trading basics

Insurance cycle

An insurance cycle, also known as an underwriting cycle, is a term describing the tendency of the insurance industry to swing between profitable and unprofitable periods over time. The concept is most closely associated with property insurance and casualty insurance, where premiums, underwriting profits and the availability of cover are observed to rise and fall in a cyclical pattern rat

Finance

Intangible asset finance

Intangible asset finance (IP finance) is the branch of finance that uses intangible assets such as intellectual property (legal intangible) and reputation (competitive intangible) to gain access to credit. Like other areas of finance, intangible asset finance is concerned with the interdependence of value, risk, and time.

Trading basics

Interest rate

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed. Interest rate periods are ordinarily a year and are often annualized when not. Alongside interest rates, three other variables determine total interest: principal sum, compounding frequency, and length of time.

Trading basics

International dollar

The international dollar (int'l dollar or intl dollar, symbols Int'l$., Intl$., Int$), also known as Geary–Khamis dollar (symbols G–K$ or GK$), is a hypothetical unit of currency that has the same purchasing power parity (PPP) that the U.S. dollar had in the United States at a given point in time. It is mainly used in economics and financial statistics for various purposes, most notably

Fiat currencies

International monetary system

An international monetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between states that have different currencies. It should provide means of payment acceptable to buyers and sellers of different nationalities, including deferred payment. T

Finance

International Securities Identification Number

An International Securities Identification Number (ISIN) is a code that uniquely identifies a security globally for the purposes of facilitating clearing, reporting and settlement of trades. Its structure is defined in ISO 6166. The ISIN code is a 12-character alphanumeric code that serves for uniform identification of a security through normalization of the assigned National Number, whe

Securities & exchanges

International Swaps and Derivatives Association

The International Swaps and Derivatives Association (ISDA ) is a trade organization of participants in the market for over-the-counter derivatives. It is headquartered in New York City.

Finance

Intertemporal portfolio choice

Intertemporal portfolio choice is the process of allocating one's investable wealth to various assets, especially financial assets, repeatedly over time, in such a way as to optimize some criterion. The set of asset proportions at any time defines a portfolio. Since the returns on almost all assets are not fully predictable, the criterion has to take financial risk into account. Typicall

Trading basics

Intrade

Intrade.com was a web-based prediction market which offered a platform where individuals could place bets on future outcomes. After having been forced to exclude US traders in 2012, on 10 March 2013 Intrade suspended all trading, citing possible "financial irregularities". For a time after the suspension, the intrade.com website stated that they were working on a relaunch of the site, ca

Finance

Inventory turnover

In accounting, the inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. It is calculated to see if a business has an excessive inventory in comparison to its sales level. The equation for inventory turnover equals the cost of goods sold divided by the average inventory. Inventory turnover is also known as inventory turns, merc

Trading basics

Investment

Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of t

Trading basics

Investment Canada Act

The Investment Canada Act (ICA; French: Loi sur Investissement Canada, LIC) is a Canadian federal law governing foreign direct investment in Canada. The ICA was one of the first acts of Brian Mulroney's newly elected Progressive Conservative government, receiving royal assent on 20 June 1985. It has been amended at various times, including recently through Bill C-34, An Act to amend th

Trading basics

Investment management

Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, edu

Trading basics

Investment strategy

In finance, an investment strategy is a set of rules, behaviors or procedures, designed to guide an investor's selection of an investment portfolio. Individuals have different profit objectives, and their individual skills make different tactics and strategies appropriate. Some choices involve a tradeoff between risk and return. Most investors fall somewhere in between, accepting some r

Finance

Irish Section 110 Special Purpose Vehicle

An Irish Section 110 special purpose vehicle (SPV) or section 110 company is an Irish tax resident company, which qualifies under Section 110 of the Taxes Consolidation Act 1997 (TCA) for a special tax regime that enables the SPV to attain "tax neutrality": i.e., the SPV pays no Irish taxes, VAT, or duties.

Finance

ISBInsight

ISBInsight is the biannual research periodical of the Indian School of Business (ISB). It features articles based on Indian and emerging markets-focused management research. ISBInsight also publishes interviews with thought leaders and decision makers from industry, academia, government and non-governmental organisations. It presents research across management areas such as strategy, mar

Finance

ISO 10962

ISO 10962, known as Classification of Financial Instruments (CFI), is a six-letter-code used in the financial services industry to classify and describe the structure and function of a financial instrument (in the form of security or contract) as part of the instrument reference data. It is an international standard approved by the International Organization for Standardization (ISO). CF

Finance

ISO 15022

ISO 15022 is an ISO standard for securities messaging used in transactions between financial institutions. Participants in the financial industry need a common representation of the financial transactions they perform and this standard defines general message schema, which in turn are used by organizations to define messages in a complete and unambiguous way. This results in efficiency,

Trading basics

ISO 20022

ISO 20022 is an ISO standard for electronic data interchange between financial institutions. It describes a metadata repository containing descriptions of messages and business processes, and a maintenance process for the repository content. The standard covers financial information transferred between financial institutions that includes payment transactions, securities trading and sett

Payments & settlement

ISO 8583

ISO 8583 is an international standard for financial transaction card originated interchange messaging. It is the International Organization for Standardization standard for systems that exchange electronic transactions initiated by cardholders using payment cards.

Finance

ISO 9362

ISO 9362 is an international standard for Business Identifier Codes (BIC), a unique identifier for business institutions, approved by the International Organization for Standardization (ISO). BIC is also known as SWIFT-BIC, SWIFT ID, or SWIFT code, after the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which is designated by ISO as the BIC registration authority.

Finance

ISO 9564

ISO 9564 is an international standard for personal identification number (PIN) management and security in financial services.

Securities & exchanges

Israel Bonds

Israel Bonds, the commonly known name of Development Corporation for Israel (DCI), is the U.S. underwriter of debt securities issued by the State of Israel. DCI is headquartered in New York City and is a broker-dealer and member of the Financial Industry Regulatory Authority (FINRA). Dan Naveh is president and CEO.

Securities & exchanges

Israel Englander

Israel Alexander Englander (born September 30, 1948) is an American billionaire hedge fund manager. In 1989, he founded his hedge fund, Millennium Management, with Ronald Shear. The fund was started with US$35 million, and as of July 2026 had US$92 billion in assets under management.

Finance

Israel Securities Authority

The Israel Securities Authority (ISA; Hebrew: רשות ניירות ערך) is the national securities regulator of Israel. Established by law in 1968, the Israel Securities Authority sees its mandate as a way to ensure an efficient capital market based on transparency and fairness. The ISA works to fight against securities fraud, insider trading, questionable accounting practices and other activitie

Banking

It's a Wonderful Life

It's a Wonderful Life is a 1946 American Christmas fantasy drama film directed and produced by Frank Capra. It is based on the short story and booklet "The Greatest Gift", self-published by Philip Van Doren Stern in 1943, which itself is loosely based on the 1843 Charles Dickens novella A Christmas Carol.

Finance

Itô calculus

Itô calculus, named after Kiyosi Itô, extends the methods of calculus to stochastic processes such as Brownian motion (see Wiener process). It has important applications in mathematical finance, in stochastic differential equations, and more recently even in machine learning.

Securities & exchanges

Jane Street Capital

Jane Street Capital is an American electronic market making company headquartered in Manhattan, New York City. It is one of the largest market making firms in the United States along with Virtu and Citadel Securities. It employs approximately 3,000 people across its global offices, and trades across more than twenty countries.

Fiat currencies

Jem Bendell

Jem Bendell is an emeritus professor of sustainability leadership with the University of Cumbria in the UK. He is best known for originating in 2018 the concept of "deep adaptation" for individuals and communities anticipating (or already coping with) the consequences of ongoing climate change. In 2019 he founded the Deep Adaptation Forum to support peer-to-peer communications in develop

Securities & exchanges

Joe Ritchie

Joseph Jay Ritchie (January 1, 1947 – February 22, 2022), better known as Joe Ritchie, was an options and commodities trader. In 1977, he founded Chicago Board Crushers, later renamed Chicago Research and Trading (CRT) and served as the head of Fox River Partners at the time of his death. Ritchie had ten children and was married to Sharon Ritchie for over fifty years.

Securities & exchanges

Joel Seligman

Joel Seligman (born January 11, 1950) is an American legal scholar and former academic administrator. He served as the 10th president of the University of Rochester, in Rochester, New York, from 2005 to 2018. Seligman is also one of the leading authorities on securities law in the United States. Seligman stepped down from his presidency in 2018 following his handling of a university-wide

Securities & exchanges

John C. Coffee

John C. Coffee Jr. (born November 15, 1944) is the Adolf A. Berle Professor of Law and director of the Center on Corporate Governance at Columbia Law School.

Securities & exchanges

John D'Agostino (financial services)

John Joseph D'Agostino is an American business executive and entrepreneur. D'Agostino is a senior advisor to Coinbase and Chairman of US Asset Management Committee for the Department for International Trade. He previously was managing director at the world's largest fund governance firm DMS Offshore, where he was also on the board of hedge funds providing independent oversight. He was pr

Trading basics

John Gore Organization

The John Gore Organization (JGO), formerly known as Key Brand Entertainment (KBE), is a producer and distributor of live theater in North America as well as an e-commerce company focused on theater. KBE was founded in the UK in 2004 by 14-time Tony Award-winning producer John Gore who is the company's chairman, CEO and owner.

Payments & settlement

JPay

JPay is a privately held information technology and financial services provider focused on serving the United States prison system. With headquarters in Miramar, Florida, the company contracts with state, county, and federal prisons and jails to provide technologies and services including money transfer, email, video visitation and parole and probation payments to approximately 1.5 mill