Means the sale of a security by a person who does not own it at the time of entering into the contract.

A Recognised Investment Exchange or Recognised Clearing House.

A strategy aiming to capture short- to medium-term price movements by holding assets for days to weeks.

Identifying and managing potential investment downsides.

A high-frequency strategy seeking profit from small price movements, often executing multiple trades within minutes.

A period of sustained increases in asset prices, often rapid.

Spain 35, or IBEX 35, is Spain’s benchmark index tracking the 35 most liquid Spanish companies.

Measures the sensitivity of an option’s price to changes in interest rates.

The smallest possible price movement of a financial instrument.

Return on Capital Employed — measures profitability and capital efficiency.