Derivatives Theory and Practice

Though financial derivatives have been taught in courses in leading business schools for over 50 years, they are now universal, with exchanges having been set up around the globe. Excellent textbooks on derivatives are available. But many students in emerging markets desire a cogent and logical exposition that makes them aware of the specific challenges faced by their countries while developing exchanges. Derivatives Theory and Practice caters to this segment of readers whose requirements have not been adequately addressed in previous literature in the area.

Unlike other heavily mathematical and quantitative works that prevent readers from understanding the underlying qualitative and conceptual facts, this book is a user-friendly resource to comprehend derivatives, especially those in the developing world, while also offering analysts and traders in first world markets adequate exposure to products and trading practices in emerging markets.

Providing a balanced perspective focusing on both options as well as futures, this book will benefit both financial market professionals as well as students.

Sunil K. Parameswaran is the founder of Tarheel Consultancy Services, a corporate training firm set up by him in 2004. He is a Visiting Faculty at some of the leading business schools in India. His primary areas of interest are securities markets, financial derivatives, fixed income securities, and international finance. For the past 20 years, he has been active as a corporate trainer. Sunil also has over 30 years of teaching experience and has taught at leading business schools in the U.S. (University of Iowa), Singapore (National University of Singapore), and Australia (La Trobe University).

Sunil obtained his PhD from the Fuqua School of Business at Duke University. He obtained his MBA from the Indian Institute of Management, Bangalore, and holds an undergraduate degree in Chemistry from St. Stephen’s College, New Delhi. A prolific writer, he has published books with John Wiley and De Gruyter.