abstract:In finance, an equity derivative is a class of derivatives whose value is at least partly derived from one or more underlying equity securities. Options and futures are by far the most common equity derivatives, however there are many other types of equity derivatives that are actively traded.
Previously, he held senior management positions in the equity and equityderivative departments of Bear Stearns, Nomura and Kidder, Peabody in both London and New York.
Abrams, who started out with Goldman Sachs researching derivative trading strategies and later worked at Credit Suisse and then Merrill Lynch as co-head of US equityderivative trading, founded Titan Capital Group in 2001.
The company sold a combined equity, bond and derivative product and backed up the conversion feature with a pledge of shares by the insiders, then handed the proceeds of the offering to the same insiders.