"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

lgrsnf/Mastering Derivatives Markets (Taylor), 4e.pdf

Taylor, Francesca

FT Publishing International

Pearson Education Limited

FT Press

Longman

United Kingdom and Ireland, United Kingdom

Pearson Education Limited, [N.p.], 2010

4th ed., New York, New York State, 2010

Pearson Education (UK), Harlow, 2012

4th ed, Harlow, England, 2011

lg2500368

{"edition":"4","isbns":["0273735675","9780273735670"],"last_page":426,"publisher":"Financial Times/ Prentice Hall","series":"The Mastering Series"}

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

"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__
"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__
__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.
Please note that the 'look inside' feature is currently displaying the content of __Mastering Derivatives Markets__ Third Edition, this will be updated soon.
* 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

An Essential Read For Anyone Serious About Understanding The Impact Of Technology On The Global Derivatives Market. • •includes Up-to-the-minute Explanations, Covering The Basics Of Options, Swaps, And Futures Across The Key Asset Classes: Rates, Currency, Equity, Commodity, And Credit. •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, And Operations. 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 Nontrading Personnel Working In It, Legal, Compliance, Risk, Credit, And Operations. The Fourth Edition Has Been Completely Revised With New Chapters, Covering 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 Market, And Carbon Trading And Environmental Products.

2020-04-10