The Collaborative Market Data Network -
serving the Public interest of Transparency in Debt Capital Markets
The Collaborative Market Data Network
Serving Transparency in Capital Markets
The Collaborative
Market Data Network

Derivative

A security whose price is dependent upon or derived from one or more underlying assets. The derivative itself is merely a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. Most common underlying assets include: stocks, bonds, commodities, currencies, interest rates and market indexes. Most common types of derivatives: futures contracts, forward contracts, options and swaps.

Wikipedia