Mastering Derivatives Markets: A Step-By-Step Guide to the Products, Applications and Risks

Mastering Derivatives Markets is the most up-to-date practical primer in the professional market, focusing on the instruments, trading techniques, key players and market conditions. It covers every instrument and every market, addressing current practice and future issues and is written for both the new entrant into the markets and for the seasoned professional who requires a refresher on the fundamentals of derivatives.
It will bring the derivatives markets to life and includes the background and development of derivatives markets, the main implications of dealing with derivatives; unique guidance on compliance from experts at Credit Suisse Financial Products; live Reuters and Telerate pages, dealing with information as you will actually encounter it; fully international examples from the London International Financial Futures Exchange, The International Petroleum Exchange, Chicago Mercantile Exchange and New York Mercantile Exchange; and a terminology section and a glossary of terms to assist with any derivatives jargon.

"The definitive passport to success in derivatives. Don't enter the market without it!"

Bill Hodgson, Business Development, DTCC

 

“As a trader I crave clarity. Mastering Derivatives Markets integrates tradable insights with a nuanced account of the mechanics of the trade. My suspicion is that if you lost money recently in a derivatives trade it was to a trader who reads Ms Taylor's books.”

Joseph M. Brooks, Independent FX Trader, Las Vegas, USA

 

“We run a number of courses on financial products and this book serves as excellent pre-course reading as well as an everyday reference handbook.”

Maricar Obieta, Senior Vice President, Capital Markets Learning & Development Manager, Corporate and Investment Bank, Europe, Middle East and Africa, Citigroup

 

“An essential read for anyone serious about understanding the impact of technology on the global derivatives market.”

Kevin Thorogood, Director of Investment Bank Solutions, Thunderhead Ltd

 

Mastering Derivatives Markets provides full up-to-the-minute explanations of the basic building blocks of options, swaps and futures across the key asset classes: rates, currency, equity, commodity and credit as well as the downstream processes essential to an understanding of today’s new exchange traded instruments.

 

Can you answer the following questions with confidence?

 

• Do you understand Credit Derivatives, CDOs and tranches?
• What happens after the deal is done?
• What is benchmarking?
• How does STP work in this market?
• What are electronic templates?
• How is technology evolving?
• How do the new accounting regulations like IAS 39 and FASB 133 work?
• How will MiFID affect what we do?

 

If you can, great. If not, you will find all the answers, and more besides, in this revised third edition of Mastering Derivatives Markets, which is the most widely read, easy to understand book on the general derivatives market. It is read by finance students and graduates, bankers, brokers, hedge fund managers and journalists as well as being mandatory reading in most IT, operations and technology departments.

 

Keep this book at your side for future reference and don't enter the derivatives market without it!