Description
In today's volatile financial markets, financial futures and options have emerged as a fast, flexible and cash-efficient means of financial risk management, providing a degree of certainty in an uncertain world. Introduction to financial futures and options is a practical introduction to the subject, which assumes no previous knowledge but which nevertheless takes the reader to a reasonably high level of sophistication. It would therefore be read to advantage by beginners and experienced market professionals alike.
Topics covered include the following:
โ Currency futures
โ Short-term interest rate futures
โ Long-term interest rate futures
โ Stock index futures
โ Hedging with options
โ Trading with options
โ Arbitrage with options
โ Derivatives in portfolio management
โ Taxation
โ Outlook for the future
Diagrams, worked examples and exercises throughout simulate the sorts of problem that practitioners might face.