Industry WIKI

Delta one products are financial derivatives that have no optionality and as such have a delta of (or very close to) one – meaning that for a given instantaneous move in the price of the underlying asset there is expected to be an identical move in the price of the derivative. Delta one products can sometimes be synthetically assembled by combining options. For instance, you can be long

Ugly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions is a book by Ben Mezrich that recounts the exploits of an American called John Malcolm (a pseudonym) arbitraging index futures in Japan in the 1990s. The book was released on May 4, 2004 by William Morrow and Company.