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Committee on the Uniform Security Identification Procedure Numbers (CUSIP) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is the Committee on Uniform Security Identification Procedure Number?This is a nine-character alphanumeric code used to identify a North American financial security for the clearance and settlement of trades. It was adopted under Accredited Standards X9.6 as an...

Guaranteed Interest Certificate – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is a Guaranteed Interest Certificate?A guaranteed investment (interest) certificate is a low-risk type of investment with an assured interest rate. These types of deposits are often issued by banks and trust companies in Canada. Since GICs are low-risk products,...

Intermarket Surveillance Group – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is an Intermarket Surveillance Group?The Intermarket Surveillance Group (ISG) serves to disperse information to regulators and security exchanges in various states and countries. It comprises over fifty organizations from various parts of the world. This group...

Commodity Futures Trading Commission – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is the Commodity Futures Trading Commission?The Commodity Futures Trading Commission (CFTC) is a federal agency in the United States charged with regulating and overseeing trade activities in the futures and options market. The agency was founded in 1974...

Chicago Stock Exchange – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is the Chicago Stock Exchange?The Chicago Stock Exchange is a national securities exchange in Chicago which regulates itself and functions under the watch of the U.S. Securities and Exchange Commission (SEC). As we speak, The Chicago Stock Exchange is based in...

Currency Swap – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is a Currency Swap?In the world of finance, a currency swap can also be termed as a cross-currency swap. Its an interest rate derivative. A currency swap is known to have pricing associations with different interest rate swaps, foreign exchange, in addition to FX...
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