To Lieutenant Lane's memorial on The Virtual Wall. Lieutenant Drazba and Lieutenant Jones were assigned to the 3rd Field Hospital in Saigon. They died in a helicopter crash near Saigon, February 18, 1966. Drazba was from Dunmore, PA., Jones from Allendale, SC.
DEFINITION of 'Exchange Traded Derivative'. A financial instrument whose value is based on the value of another asset, and that trades on a regulated exchange.
Derivatives can be bought or sold in two ways. Some are traded over-the-counter (OTC) while others are traded on an exchange. OTC derivatives are contracts that are made privately between parties such as swap agreements. This market is the larger of the two markets and is not regulated. Derivatives that trade on an exchange are standardized contracts.