1) Banking term 2) Mathematical finance
Found on
https://www.crosswordclues.com/clue/variance-swap
==Uses== Many traders find variance swaps interesting or useful for their purity. An alternative way of speculating on volatility is with an option, but if one only has interest in volatility risk, this strategy will require constant delta hedging, so that direction risk of the underlying security is approximately removed. What is more, a replicat...
Found on
http://en.wikipedia.org/wiki/Variance_swap
No exact match found.
