Unpublished price-sensitive information
Equity Derivatives Anatomy™
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Unpublished price-sensitive information, (“[[UpSI” or, jovially “oopsie”, also known by some as material non-public information with the less playful initialism MNPI is what we used in the good old days too calm ins inside information. The sort of thing that is you traded on, you might expect to do a stretch for insider trading (now known, less glamorously, as market abuse.
Not to be confused with confidential information, which may on rate occasions be UPSI, but for the most part is not. It's just embarrassing, and often embarrassing only because you make such a fuss about it, and it's actually dull.