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Author : United States. Commodity Futures Trading Commission
Publisher : Unknown
Page : 196 pages
File Size : 51,6 Mb
Release : 1993
Category : Derivative securities
ISBN : STANFORD:36105061104779
Author : Anonim
Publisher : Unknown
Page : 542 pages
File Size : 44,9 Mb
Release : 2007
Category : Futures market
ISBN : IND:30000117506299
Author : Nick Cavalla
Publisher : Springer
Page : 308 pages
File Size : 40,5 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349130535
To date, most academic and practical texts have concentrated on the exchange-traded markets and focused on the nature and price characteristics of the various listed instruments. By contrast, OTC Markets in Derivative Instruments deals in detail with the complexities of the over-the-counter markets - extending a description of the core products to a discussion of real world applications and risks. Regulatory, accounting and tax issues are also covered. Contributors include Bankers Trust, BZW, GNI, Goldman Sachs, J.P. Morgan, Natwest Futures, Midland Montagu and Mitsubishi.
Author : Malliaris Anastasios G,Ziemba William T
Publisher : World Scientific
Page : 844 pages
File Size : 51,8 Mb
Release : 2015-08-06
Category : Business & Economics
ISBN : 9789814566933
The World Scientific Handbook of Futures Markets serves as a definitive source for comprehensive and accessible information in futures markets. The emphasis is on the unique characteristics of futures markets that make them worthy of a special volume. In our judgment, futures markets are currently undergoing remarkable changes as trading is shifting from open outcry to electronic and as the traditional functions of hedging and speculation are extended to include futures as an alternative investment vehicle in traditional portfolios. The unique feature of this volume is the selection of five classic papers that lay the foundations of the futures markets and the invitation to the leading academics who do work in the area to write critical surveys in a dozen important topics.
Author : Francesca Taylor
Publisher : Pearson UK
Page : 397 pages
File Size : 47,9 Mb
Release : 2012-09-26
Category : Business & Economics
ISBN : 9780273759997
"The first port of call for anyone looking to truly understand derivatives markets, appreciate the role they play within the global financial system and develop the technical knowledge to trade." Matthew Thompson, Chief Strategy & Business Development Officer, Dubai Mercantile Exchange "An essential read for anyone serious about understanding the impact of derivatives and technology on the global financial market." Kevin Thorogood, Global Head, Investment Banking/Energy Trading, Thunderhead Ltd "We have used Francesca for training on derivatives in the past. She demonstrates a passion for these markets and for learning. In a fast changing world, the combination of technical learning and practical experience that Francesca applies is helpful in keeping abreast of market developments." Rachael Hoey, Director, Business Development, CLS YOUR ESSENTIAL COMPANION TO THE DERIVATIVES MARKETS Mastering Derivatives Markets provides full up-to-the-minute explanations — with worked examples and screen shots — covering the basics of options, swaps and futures across the key asset classes: rates, currency, equity, commodity and credit. This book is relevant to anyone working within the financial markets, from the new entrant to the seasoned trader looking for updates, and to non-trading personnel working in IT, legal, compliance, risk, credit and operations. Please note that the 'look inside' feature is currently displaying the content of Mastering Derivatives Markets Third Edition, this will be updated soon. Mastering Derivatives Markets Fourth Edition has been completely revised and features new chapters on: The most up to date thinking in the market OTC clearing Regulation Benchmarking Electronic futures trading in the FX market New insights into the commodities markets Carbon trading and environmental products
Author : Donald Spence
Publisher : Woodhead Publishing
Page : 220 pages
File Size : 52,5 Mb
Release : 1997-08-27
Category : Business & Economics
ISBN : 1855733234
This is a comprehensive guide to the workings of the world's commodity and financial futures and options markets. It examines the markets and instruments - including the OTC market and evaluates the likely developments in futures and options.
Author : Mr.Jens Nystedt
Publisher : International Monetary Fund
Page : 49 pages
File Size : 55,9 Mb
Release : 2004-04-01
Category : Business & Economics
ISBN : 9781451848205
Recent regulatory initiatives in the United States have again raised the issue of a 'level regulatory and supervisory playing field' and the degree of competition globally between over-the-counter (OTC) derivatives and organized derivative exchange (ODE) markets. This paper models some important aspects of how an ODE market interrelates with the OTC markets. It analyzes various ways in which an ODE market can respond to competition from the OTC markets and considers whether ODE markets would actually benefit from a more level playing field. Among other factors, such as different transaction costs, different abilities to mitigate credit risk play a significant role in determining the degree of competition between the two types of markets. This implies that a potentially important service ODE markets can provide OTC market participants is to extend clearing services to them. Such services would allow the OTC markets to focus more on providing less competitive contracts/innovations and instead customize its contracts to specific investors' risk preferences and needs.
Author : Gordon F. Peery
Publisher : John Wiley & Sons
Page : 348 pages
File Size : 47,5 Mb
Release : 2012-02-01
Category : Business & Economics
ISBN : 9780470553718
An in-depth look at the best ways to navigate the post-reform world of derivatives and futures The derivatives market is one of the largest, and most important financial markets in the world. It's also one of the least understood. Today we are witnessing the unprecedented reform and reshaping of this market, and along with these events, the entire life cycle of a derivatives transaction has been affected. Accordingly, nearly all market participants in the modern economy need to view the handling of risk by derivatives in a very different way. Many aspects of financial services reform are based on a belief that derivatives caused the Great Recession of 2008. While the difficulties we now face cannot be blamed solely on derivatives, the need to understand this market, and the financial products that trade within it, has never been greater. The Post-Reform Guide to Derivatives and Futures provides straightforward descriptions of these important investment products, the market in which they trade, and the law that now, after July 16, 2011, governs their use in America and creates challenges for investors throughout the world. Author Gordon Peery is an attorney who works exclusively in the derivatives markets and specializes in derivatives and futures reform and market structure. Since representing clients in Congressional hearings involving Enron Corp., he has developed extensive experience in this field. With this guide, he reveals how derivatives law, and market practice throughout the world, began to change in historic ways beginning in 2011, and what you must do to keep up with these changes. Explains what derivatives and futures are, who trades them, and what must be done to manage risk in the post reform world Accurately reflects the futures and derivatives markets as they exist today and how they will be transformed by the Dodd-Frank Wall Street Reform and Consumer Protection Act Highlights the risks and common disputes regarding derivatives and futures, and offers recommendations for best practices in light of the evolving law governing derivatives The financial crisis has changed the rules of Wall Street, especially when it comes to derivatives and futures. The Post-Reform Guide to Derivatives and Futures will help you navigate this evolving field and put you in a better position to make the most informed decisions within it.
Author : Donald Spence
Publisher : Global Professional Publishi
Page : 224 pages
File Size : 42,7 Mb
Release : 1999
Category : Business & Economics
ISBN : 1888998601
An overview of the current state of the futures and options markets, providing an introduction and overview of markets and industry practices, as well as guidance on a wide range of issues. Topics include markets, instruments, and trading; regulation and management; and the future of futures. Append
Author : David Murphy
Publisher : Springer
Page : 315 pages
File Size : 48,6 Mb
Release : 2013-08-07
Category : Business & Economics
ISBN : 9781137293862
After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing is, and outlines the consequences of the new rules.
Author : Philip McBride Johnson
Publisher : McGraw Hill Professional
Page : 232 pages
File Size : 46,9 Mb
Release : 1999-04-22
Category : Business & Economics
ISBN : 0071382801
As a corporate manager or executive, you probably have little contact with the actual day-to-day trading of derivatives contracts. Regardless, your oversight responsibilities place your career directly in the hands of aggressive derivatives traders. Do you really know what they're up to? DERIVATIVES is the first and only book written for the manager who is not a derivatives expert but is responsible for the experts. Concise, uncomplicated, and often entertaining, it gives you a basic understanding and appreciation for these complex yet powerful financial tools. DERIVATIVES isn't another "how to trade" book. Instead, it eschews technical jargon and mathematical formulae to show you "how to survive" when derivatives inevitably cross your professional path. Real life examples of derivatives disasters (Proctor & Gamble's 1994 loss of $102 million, Barings Bank's 1995 loss of $1.3 billion, and the Belgian government's 1997 loss of $1.2 billion) are accompanied by analyses of where they went wrong. Far from the daredevil, all-or-nothing reputation they are often given, derivatives are basically conservative hedging instruments designed to REDUCE risk. They allow organizations to pass the assumption of natural risks to speculators (who intend to profit from those risks). From simple agricultural futures to the latest versions of credit derivatives and swaps, DERIVATIVES will give you a basic appreciation of how derivatives operate and where the dangers lie. Look to this comprehensive yet easy-to-read overview for valuable information on: How to instinctively recognize different types of risk, and choose the instruments which best counteract each; Examination of the legal environment for derivatives, and how to protect your firm from potential liabilities; Strategies to structure your firm's checks and balances to keep pace with the changing structure of the derivatives business. While it may be the quants and traders who make the costly errors, it is the managers and executives who ultimately answer to the authoritiesÑnot to mention their stockholders. DERIVATIVES will help you safeguard your company from undue risk, provide you with a new level of comfort and understanding regarding these vibrant and valuable risk protection tools, and help ensure that your companyÑand careerÑwon't be the next cautionary tale splashed across financial pages worldwide. Derivatives can be both beneficial and devastating. DonÕt let yourself get burned! Derivatives will give you a step-by-step tour through the amazing benefits of derivativesÑas well as an overview of their hazardsÑand put you firmly in control of your corporation's risk control program.
Author : Mr.R. Sean Craig,Mr.Burkhard Drees,Mr.Charles Frederick Kramer,Mr.Garry J. Schinasi
Publisher : INTERNATIONAL MONETARY FUND
Page : 0 pages
File Size : 42,8 Mb
Release : 2001-01-09
Category : Business & Economics
ISBN : 1557759995
This chapter provides an overview of market practices, market structure, and official supervision and regulation in financial markets. This paper also highlights the key features of modern banking and over the counter (OTC) derivatives markets that seem to be relevant for assessing their functioning, their implications for systemic financial risks in the international financial system, and areas where improvements in ensuring financial stability can be obtained. The paper also describes how OTC derivatives activities have transformed modern financial intermediation and discusses how internationally active financial institutions have become exposed to additional sources of instability because of their large and dynamic exposures to the counterparty (credit) risks embodied in their OTC derivatives activities. In order to rebalance private and official roles, it is essential first to clarify the limits to market discipline in OTC derivatives markets, before leaning more heavily on aspects of market discipline that seem to work well in these markets.
Author : Bishnupriya Mishra,Sathya Swaroop Debasish
Publisher : Excel Books India
Page : 264 pages
File Size : 43,7 Mb
Release : 2009
Category : Finance
ISBN : 8174465723
In the recent decade, financial markets have been marked by excessive volatility and are associated with various risks. Derivatives are the instruments for managing risks. Derivatives are financial contracts whose value/price is dependent on the behavior of the price of one or more basic underlying assets which may be commodity or financial asset. In recent years, derivatives have become increasingly important in the field of finance. The book discusses at large the meaning, basic understanding, pricing and trading strategies of the financial derivatives. Common derivatives include options, forward contracts, futures contracts, and swaps. While futures and options are now actively traded on many exchanges, forward contracts are popular on the OTC market. This book provides a broad-based introduction to the technical aspects of the main classes of derivatives, the markets in which they are traded and the underlying concepts. This book is a comprehensive, industry-independent exploration of financial derivatives which offers an insightful look inside financial derivatives that is sweeping corporate world, banks, and investment finance. From reviewing the basic building blocks of financial derivatives to systematically examining the myriad of processes involved in creating innovative financial instruments, this lucid text provides professional advice to the learners. This book is intended as a text for MBA students specializing in the area of Finance, students of CA/ICWA, students of M.Com, academicians, researchers, practitioners and investors in general.
Author : Alfred Steinherr
Publisher : John Wiley & Sons
Page : 336 pages
File Size : 46,6 Mb
Release : 2000-06-08
Category : Business & Economics
ISBN : UCSC:32106017511566
When it first published in spring 1998, Derivatives: The Wild Beast of Finance made bold predictions and recommendations for the future of global finance. Alfred Steinherr explained that, without effective risk management, the incredible explosion in the use and value of derivatives could destabilise the entire global market structure. His views and suggested solutions were not universally accepted. And then, suddenly, in the space of a few months many of the inherent dangers he set out became reality - the Asian crisis took a vicious toll on the tiger economies and the Russian bear collapsed, heralding the ultimate destruction of the most celebrated hedge fund of recent years - Long-Term Capital Management. The knock-on effect of the LTCM collapse was so severe that the US Fed was forced to intervene. In this extensively revised paperback edition, Alfred Steinherr brings the story up to date and uses the opportunity to analyse and reflect on the effectiveness of the solutions he offered first time around. Much of the more technical material from the original edition has been removed to produce a highly readable and thought-provoking explanation of the origins and benefits of global finance, while once again assessing the dangers - imagined and real - that still lurk within this fascinating world. Time alone will tell how much heed is taken this time. "Alfred Steinherr has written a fascinating book that examines the role derivatives play in developing the world economy today, and the part they will have in shaping the financial markets of tomorrow.. For practitioners, officials and students alike, Steinherr has provided a lively and informative canter through the world of derivatives." Investors Digest ". a welcome departure from most texts on the topic. Books on derivatives seem either to be ludicrously sensationalist or steeped in higher level mathematics. In contrast, this work by Alfred Steinherr is both accessible and rigorous." Investment Adviser ". will give a useful insight into the relationship between the derivatives market and the wider financial markets to the general reader.. a highly informative read for those who really want to get to grips with what the derivatives markets are all about." The Investor "Steinherr brings a lucid approach to a complex topic with this book [and] has produced a comprehensive overview which manages to combine a readable style with considerable detail and thought-provoking ideas for the future." European Fund Manager
Author : T. V. Somanathan,V. Anantha Nageswaran
Publisher : Cambridge University Press
Page : 278 pages
File Size : 53,9 Mb
Release : 2015-03-02
Category : Business & Economics
ISBN : 9781316338858
While most books on derivatives discuss how they work, this book looks at the contributions of derivatives to overall economic well-being. It examines both the beneficial and adverse effects of derivatives trading from the perspectives of economic theory, empirical evidence and recent economic history. Aiming to present the concepts in a fair, non-ideological, non-mathematical and simple manner, and with the authors' own synthesis, it draws on economic insights from relevant work in other disciplines, particularly sociology and law. The book also presents some new theoretical ideas and recommendations towards a pragmatic and practical approach for policy-makers. The ultimate objective is to provide a basic conceptual framework which will help its readers form a judgement on whether, when and how derivatives are beneficial or harmful to the economy.