What is Cash Equities Vs. Equities?
Can someone explain the difference? M&A banker here.
M&A banker who needs to fill character limits................................
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cash equities = stocks
equities = cash equities, vanilla equity derivatives (think your typical call and put on a stock, also call and puts on other equity securities...indexes, ETFs, etc) , exotic equity derivatives (more complicated products...i dont know an example off the top of my head)
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