ISO 10962 is a six-letter code for classifying financial instruments worldwide. Required since July 2017 for financial instruments. Issued by ANNA members for all market participants
CFD was invented in Britain in 1974 for gold trading. Brian Keelan and Jon Wood developed modern CFDs in early 1990s. Initially used by hedge funds for cost-effective stock trading
Financial instruments are tradable assets representing legal agreements with monetary value. Instruments can be divided into cash and derivative types. Cash instruments include stocks, bonds, checks, and bank deposits. Derivatives derive value from underlying assets like stocks and interest rates
Excel add-ins enhance Excel capabilities with custom features. Hundreds of add-ins available for Microsoft 365 Excel. Add-ins can significantly improve Excel productivity
ISIN is a 12-digit alphanumeric code used globally for securities identification. First introduced in 1981, gained global acceptance in 1989. Consists of country code, 9-digit identifier, and check digit. US ISINs are extended versions of 9-digit CUSIP numbers
Correlation measures relationship between two securities, ranging from -1.0 to +1.0. Pearson product-moment correlation is most common calculation method. Correlation coefficient is calculated using specific formula with n observations