Mastering Derivatives Markets: A Step-by-Step Guide to the Products, Applications and Risks [Market Editions]

"Mastering Derivatives Markets "is written for both the new entrant into the markets and for the seasoned professional who requires a refresher on the fundamentals of derivatives, as well as for students on finance courses. This new edition of "Mastering Derivatives Management "has been updated with: * a new chapter on credit derivatives, now the everyday work-horse of the risk manager* an introductory guide to the principles of accounting for derivatives* a completely revised chapter by one of the leading market specialists on the compliance function* a new chapter on risk and risk management* an updated and expanded glossary of terms "Mastering Derivatives Markets "concentrates on the fundamentals and allows you to take considered decisions regarding the selection and use of derivatives. It is written by a market professional for the professional market; definitive practical advice direct from the cutting edge.

"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!