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Quantitative Finance · Glossary

What is Trade expression?

Definition 17.1 Strategies II: Volatility, Relative Value, Macro and the Bank Desks · Chapter 17 — Discretionary Macro

A trade expression is the instrument, strike, maturity and size chosen to turn a market view into a position; different expressions of the same view pay differently depending on how far, how fast and along which path the market moves.

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