Underlying - The thing that the parties agree to exchange in a derivative contract.
Undiversifiable risk - Related: Systematic risk
Unsystematic risk - Also called the diversifiable risk, residual risk, or company-specific risk, the risk that is unique to a company such as a strike, the outcome of unfavorable litigation, or a natural catastrophe. Related: Systematic risk
Upstairs market - A network of trading desks for the major brokerage firms and institutional investors that communicate with each other by means of electronic display systems and telephones to facilitate block trades and program trades.
Uptick trade - Related: Tick-test rules
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