Financial Futures and Options: A Guide to Markets, Applications, and Strategies (Economic History; 100)

Todd Petzel

ISBN 10: 0899301525 / ISBN 13: 9780899301525

Published by Praeger (UK), 1989

About this Item

Seller Inventory # V9780899301525

Bibliographic Details

• Title: Financial Futures and Options: A Guide to Markets, Applications, and Strategies (Economic History; 100)
• Publisher: Praeger (UK)
• Publication Date: 1989
• Language: English
• ISBN 10: 0899301525
• ISBN 13: 9780899301525
• Binding: Hardcover
• Condition: New

About this title

Synopsis

Although the financial futures and options markets have only existed since 1972, many current participants have little understanding of their genesis. This unique work offers a much needed historical perspective that provides important insights into the basic functioning of the markets. Petzel explains how these relatively new investment products originated, how they are used, and how the markets in which they are traded work.

Petzel begins with an overview of the first fifteen years of financial futures, examining both successes and failures and developing a basic hypothesis of what components are necessary for success. The next two chapters present the fundamentals of futures and options for those who need a thorough grounding in basic concepts such as the standard elements of futures contracts, margins, types of trading, and the structure of the exchanges. Subsequent chapters address equities market strategies, interest rate strategies, and foreign currency futures and options. In the final chapter, Petzel discusses accounting, tax, and regulatory issues that affect the development and trading of financial futures and options. Written for professionals in corporate finance and in the financial services industry who have had little exposure to financial futures and options, the guide includes general examples as well as detailed explanatory tables and figures. The author focuses throughout on the use and construction of contracts, rather than providing particular trading advice or touting any one system of trading.

About the Author

TODD E. PETZEL is Vice President of Resarch at the Chicago Mercantile Exchange. He formerly served as the Chief Economist of the Coffee, Sugar, and Cocoa Exchange in New York. Petzel was on the faculty of Stanford University from 1978 to 1982 and taught at Macalester College in St. Paul, Minnesota, from 1976 to 1978.