Mastering derivatives markets a step-by-step guide to the products, applications and risks
"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...
| Otros Autores: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Harlow, England :
Pearson Education, Limited
[2011]
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| Edición: | 4th ed |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009628308806719 |
Tabla de Contenidos:
- Cover
- Mastering Derivatives Markets
- The author
- Contents
- Author's acknowledgements
- Publisher's acknowledgements
- Foreword
- Contributors
- Background and Development of the Derivatives Markets
- Market background
- Introduction
- Key features
- Uses of derivatives
- Range of derivatives
- Increasing use of the Central Counterparty Model (CCP)
- Risk and benchmarking
- Market volume
- Users and uses of derivatives markets
- Straight Through Processing (STP)
- Market Fundamentals
- Introduction
- How banks generate income
- Three key assumptions
- Role and use of LIBOR
- Day counts
- Financial maths
- Calculating forward rates
- Marking to market (MTM or M2M)
- Yield curves
- Quiz
- Risk - a Primer
- Introduction
- Financial risks: market, credit, liquidity
- Operational risk
- More esoteric risks
- Derivatives Fundamentals
- Range of derivatives
- What is a vanilla trade?
- Settlement
- Triggers
- Liquidity and credit risk
- Understanding the 'underlying'
- Benchmarks
- Fair value
- Dealing with derivatives
- Basic Option Concepts
- Introduction
- Option pricing
- Option mechanics
- Interest Rate Derivatives - Single Settlement Instruments
- Introduction
- Single settlement interest rate derivatives
- Financial futures contracts
- Forward rate agreements (FRAS)
- Interest rate options (IROS)
- Quiz
- Interest Rate Derivatives - OTC Multiple Settlement Instruments
- Introduction
- Interest rate caps and floors
- Interest rate collars
- Interest rate swaps
- Quiz
- Benchmarking in the OTC Derivatives Markets
- Financial benchmarking for derivatives
- Liquidity benchmarking for derivatives
- Operational risk measurements for derivatives
- Conclusion
- Currency Derivatives
- Introduction
- Over the counter currency options
- Currency options: reduced premium strategies.
- Simple exotic structures
- Currency swaps
- Exchange-traded instruments
- Quiz
- The Impact of Electronic Trading on the FX Market
- The early years
- FX as part of a commodity portfolio
- First electronic dealing platforms
- Electronic market making
- Phases I and II
- Point and click vs algo traders
- The impact of the credit crisis on banks' FX trading
- Phase III
- Credit Derivatives
- Introduction
- What is credit risk?
- Styles of trading
- The first deals
- Range of credit derivatives
- Credit default swaps
- Central Clearing and the OTC Market
- The basics
- Trade execution
- Risks and mitigation
- Getting trades into clearing
- The business case and benefits
- Predictions for market development
- Terminology
- Equity Derivatives
- Introduction
- Background
- Single stocks or equity indices?
- Stock index futures
- Stock index options
- Single stock options
- Equity index swaps
- Commodity Derivatives
- Introduction
- Exchange-traded energy derivatives
- Exchange-traded futures contracts
- Exchange-traded energy option contracts
- OTC or 'off-exchange' energy derivatives
- OTC option products
- OTC oil swaps
- Carbon Derivatives and Environmental Products
- What are carbon markets?
- Volumes and value
- Overview of regulation
- Carbon instruments
- What drives carbon prices?
- Trading carbon: in practice
- Conclusion
- Regulation in the Derivatives Markets
- Why regulate the derivatives markets?
- Who regulates the derivatives markets?
- Regulatory models and objectives
- Supervisory aims - equal access to markets
- Market integrity
- Market abuse and manipulation
- The role of market surveillance
- Efficient markets
- Continuing regulatory challenges
- Glossary
- Answers to Quizzes
- Index.
