Author : Anonim
Publisher : Unknown
Page : 542 pages
File Size : 54,6 Mb
Release : 2007
Category : Futures market
ISBN : IND:30000117506299
Futures & Otc World
Anonim
Futures Otc World
Futures Otc World Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Futures Otc World book. This book definitely worth reading, it is an incredibly well-written.
OTC Markets in Derivative Instruments
Nick Cavalla
Author : Nick Cavalla
Publisher : Springer
Page : 308 pages
File Size : 46,6 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349130535
OTC Markets in Derivative Instruments by Nick Cavalla Pdf
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.
The World Scientific Handbook Of Futures Markets
Malliaris Anastasios G,Ziemba William T
Author : Malliaris Anastasios G,Ziemba William T
Publisher : World Scientific
Page : 844 pages
File Size : 45,6 Mb
Release : 2015-08-06
Category : Business & Economics
ISBN : 9789814566933
The World Scientific Handbook Of Futures Markets by Malliaris Anastasios G,Ziemba William T Pdf
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.
Introduction to Futures and Options
Donald Spence
Author : Donald Spence
Publisher : Woodhead Publishing
Page : 220 pages
File Size : 47,9 Mb
Release : 1997-08-27
Category : Business & Economics
ISBN : 1855733234
Introduction to Futures and Options by Donald Spence Pdf
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.
Post-Trade Processing of OTC Derivatives
Olga Lewandowska
Author : Olga Lewandowska
Publisher : BoD – Books on Demand
Page : 222 pages
File Size : 42,7 Mb
Release : 2020-04-30
Category : Business & Economics
ISBN : 9783838214443
Post-Trade Processing of OTC Derivatives by Olga Lewandowska Pdf
The financial crisis of 2007–2009 exposed the weaknesses of the global over-the-counter (OTC) derivatives market such as limited transparency regarding risk exposures, poor counterparty risk management practices, and the risk of contagion arising from interconnectedness in this market. In the aftermath of the financial crisis, regulators introduced worldwide legislative and regulatory changes aimed at increasing the transparency and stability of the financial markets. In this book, Dr. Olga Lewandowska explores those novel regulatory solutions and their impact. The main focus is on central counterparty (CCP) clearing that became mandatory for OTC derivatives under the new regulatory paradigm. In four research papers, she analyzes CCP from different risk perspectives and based on four diverse research methods. Her book offers a comprehensive assessment of the risk-reduction potential of the CCPs, their implications for the financial markets, and the practical challenges in the implementation of the recent financial market reforms.
The Post-Reform Guide to Derivatives and Futures
Gordon F. Peery
Author : Gordon F. Peery
Publisher : John Wiley & Sons
Page : 348 pages
File Size : 50,8 Mb
Release : 2012-01-04
Category : Business & Economics
ISBN : 9781118205426
The Post-Reform Guide to Derivatives and Futures by Gordon F. Peery Pdf
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.
Derivative Market Competition
Mr.Jens Nystedt
Author : Mr.Jens Nystedt
Publisher : International Monetary Fund
Page : 49 pages
File Size : 54,8 Mb
Release : 2004-04-01
Category : Business & Economics
ISBN : 9781451848205
Derivative Market Competition by Mr.Jens Nystedt Pdf
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.
Futures and Options
Donald Spence
Author : Donald Spence
Publisher : Global Professional Publishi
Page : 224 pages
File Size : 40,7 Mb
Release : 1999
Category : Business & Economics
ISBN : 1888998601
Futures and Options by Donald Spence Pdf
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
Post-Trade Processing of OTC Derivatives
Olga Lewandowska
Author : Olga Lewandowska
Publisher : Unknown
Page : 0 pages
File Size : 45,5 Mb
Release : 2020
Category : Derivative securities
ISBN : 383827444X
Post-Trade Processing of OTC Derivatives by Olga Lewandowska Pdf
Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments
Philip McBride Johnson
Author : Philip McBride Johnson
Publisher : McGraw Hill Professional
Page : 232 pages
File Size : 44,5 Mb
Release : 1999-04-22
Category : Business & Economics
ISBN : 0071382801
Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments by Philip McBride Johnson Pdf
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.
Modern Banking and OTC Derivatives Markets
Mr.R. Sean Craig,Mr.Burkhard Drees,Mr.Charles Frederick Kramer,Mr.Garry J. Schinasi
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 : 55,8 Mb
Release : 2001-01-09
Category : Business & Economics
ISBN : 1557759995
Modern Banking and OTC Derivatives Markets by Mr.R. Sean Craig,Mr.Burkhard Drees,Mr.Charles Frederick Kramer,Mr.Garry J. Schinasi Pdf
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.
Financial Derivatives
Bishnupriya Mishra,Sathya Swaroop Debasish
Author : Bishnupriya Mishra,Sathya Swaroop Debasish
Publisher : Excel Books India
Page : 264 pages
File Size : 48,8 Mb
Release : 2009
Category : Finance
ISBN : 8174465723
Financial Derivatives by Bishnupriya Mishra,Sathya Swaroop Debasish Pdf
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.
Derivatives Markets and Analysis
R. Stafford Johnson
Author : R. Stafford Johnson
Publisher : John Wiley & Sons
Page : 1001 pages
File Size : 54,9 Mb
Release : 2017-08-21
Category : Business & Economics
ISBN : 9781118240724
Derivatives Markets and Analysis by R. Stafford Johnson Pdf
A practical, informative guide to derivatives in the real world Derivatives is an exposition on investments, guiding you from the basic concepts, strategies, and fundamentals to a more detailed understanding of the advanced strategies and models. As part of Bloomberg Financial's three part series on securities, Derivatives focuses on derivative securities and the functionality of the Bloomberg system with regards to derivatives. You'll develop a tighter grasp of the more subtle complexities involved in the evaluation, selection, and management of derivatives, and gain the practical skillset necessary to apply your knowledge to real-world investment situations using the tools and techniques that dominate the industry. Instructions for using the widespread Bloomberg system are interwoven throughout, allowing you to directly apply the techniques and processes discussed using your own data. You'll learn the many analytical functions used to evaluate derivatives, and how these functions are applied within the context of each investment topic covered. All Bloomberg information appears in specified boxes embedded throughout the text, making it easy for you to find it quickly when you need or, or easily skip it in favor of the theory-based text. Managing securities in today's dynamic and innovative investment environment requires a strong understanding of how the increasing variety of securities, markets, strategies, and methodologies are used. This book gives you a more thorough understanding, and a practical skillset that investment managers need. Understand derivatives strategies and models from basic to advanced Apply Bloomberg information and analytical functions Learn how investment decisions are made in the real world Grasp the complexities of securities evaluation, selection, and management The financial and academic developments of the past twenty years have highlighted the challenge in acquiring a comprehensive understanding of investments and financial markets. Derivatives provides the detailed explanations you've been seeking, and the hands-on training the real world demands.
Cme Vulnerability, The: The Impact Of Negative Oil Futures Trading
George Xianzhi Yuan
Author : George Xianzhi Yuan
Publisher : World Scientific
Page : 274 pages
File Size : 42,7 Mb
Release : 2020-10-23
Category : Business & Economics
ISBN : 9789811223211
Cme Vulnerability, The: The Impact Of Negative Oil Futures Trading by George Xianzhi Yuan Pdf
In 2020, the global lockdowns caused by the COVID-19, or coronavirus, pandemic had resulted in a sharp drop in demand for crude oil. This impact was so severe that on April 8, 2020, a proposal to update the Chicago Mercantile Exchange Holdings Inc. (CME) trading rule to permit negative prices was applied to CME's WTI Oil futures contracts; this led to a novel phenomenon in which the closing clearing price of WTI Oil May future was $-37.63/barrel based on fewer than 400 contracts' trading volume in the last three minutes, reflecting less than 0.2% of the total trading contracts volume on April 20, 2020. This occurrence of negative closing clearing price for CME's WTI Oil futures trading, cannot be explained simply by just the principle of supply and demand; instead, it highlights vulnerabilities caused by CME's allowance of negative price trading (based on its trading platform), a decision which brings potential and fundamental challenges to the global financial system.This event challenges not just our basic concepts of 'value' and trading 'price' of commodities and goods that underline our understanding of the framework for the invisible hand and general equilibrium theory in economics established by a few generations of scholars since Adam Smith in 1776 for market economies, but also have wider implications on the fundamentals that underpin our ideas of value and labor in the organization, activity, and behavior of civilizations and individual liberties.The scope of this book is limited to covering the impact of the negative oil futures derivatives' trading between April 20 and 21, 2020. This book focuses on exploring the issues, challenges, and possible impacts on global financial markets due to the negative clearing prices of WTI Oil futures contracts and related problems from different perspectives. Topics covered include the responsibilities and liabilities of the CME; critique to the fundamental theory of economics and the modern understanding of value and labor; and challenges to the global financial systems and businesses and introduction to new methods of application.
Recommendations for Central Counterparties
Group of Ten. Committee on Payment and Settlement Systems
Author : Group of Ten. Committee on Payment and Settlement Systems
Publisher : Unknown
Page : 80 pages
File Size : 44,8 Mb
Release : 2004
Category : Clearing of securities
ISBN : IND:30000116787171