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In the case of a bond or a share, there is a bondholder or a shareholder on one side and a company issuing the security on the other side. In a derivative contract, which party can be named as the issuer? Or do we have to speak only of short and long side? How this may possibly differ on the basis of the trading venue and on the qualities of the contract parties (e.g. a professional investor, an institution, a non-professional etc.)?

In as match as, in the context of "Personal investing and asset allocation", an investor wants to make a speculative investment in a derivative contracts s/he has to know these "roles".

Besides the law might put specific duties or responsibilities on the contract party regarded as the issuer.

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Could you be more specific? What problem are you trying to solve? Might this relate to personal finance? – Chris W. Rea♦ Jan 29 at 21:12
I saw 22 questions tagged derivatives, so I thought they were legitimate and, after all, there is not much quantitative content so I think it is not the case to post it on quant.stackexchange.com, where anyway there is large room to talk of derivatives. As for my question, think of a bond or a share; there is a bondholder or a shareholder on one side and a company issuing the security on the other side. In a derivative contract, which party can be named as the issuer? – antonio Jan 29 at 21:26
@antonio Despite the "derivatives" tag existing, not all derivatives questions are on-topic; questions should also relate to personal finance, the topic for this site. – Chris W. Rea♦ Jan 29 at 21:56
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As to the question: What kind of derivative and who might the counterparties be? For instance, if you're referring to exchange-listed options that individuals might be able to buy (therefore, on-topic from the personal finance perspective), then the Options Clearing Corporation (OCC) acts as issuer for all exchange-traded options in the U.S. The option seller and buyer are therefore not considered issuers, even though one is the short side and one is the long side. – Chris W. Rea♦ Jan 29 at 21:57
@Chris, I guess that's the answer the OP was looking for. – littleadv Jan 30 at 0:58

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