Futures and Options Markets: An Introduction

Futures and Options Markets: An Introduction provides the reader with an economic understanding of the development and operation of global futures and options markets, where everything from coffee to gold to foreign currencies are traded. Starting with the fundamentals of commodity futures, the text advances the reader through the exciting world of financial futures and options, including currencies and equity indexes. Utilizing real-world examples, this text brings the markets to life by explaining how and why these markets function, how they indirectly affect us in our daily lives, and how they are used to manage market risk.

Futures and Options Markets: An Introduction provides the reader with an economic understanding of the development and operation of futures and options markets. Starting with the fundamentals of agricultural futures, the text advances the reader through the exciting development of financial futures and options, including currencies and equity indexes. Utilizing real-world examples, this text brings the markets to life by explaining how and why these markets function and how they are used to manage market risk.

Some features include:

• Separate chapters on fundamental and technical analysis
• Real-world examples, providing practical applications of the complicated theory of how futures and options markets perform
• Market efficiency section explaining the debate and provides empirical evidence from economic research
• Internet sites found throughout various chapters help the reader keep current with the markets
• Discussion problems and questions reinforcing concepts learned in each chapter
• A balanced coverage of material on both commodity and financial markets