Below you will find general market definitions that will help you understand the terminology used when trading warrants.

	A B C D E F G I L O P R S T U V W
	American style warrant A warrant that can be exercised at any time up to expiry. At-the-money (atm) A warrant whose exercise price is near or equal to the underlying security's price. Automatic Exercise The situation when, upon expiry, the value of a warrant (if positive) is automatically paid to the holder. All UK warrants have Automatic Exercise.