Futures, Options and Swaps

Part I: Futures Markets: An Introduction: 1. Introduction. 2. Overview. 3. Financial Derivatives. 4. Applications of Financial Derivatives. 5. The Concept of Arbitrage. 6. Organization of the Text. 7. Questions and Problems. 8. Notes. Part II: Futures Markets: 1. Overview. 2. Futures Markets. 3. Exchanges and Types of Futures. 4. Purposes of Futures Markets. 5. Regulation of Futures Markets. 6. Taxation of Futures Trading. 7. Brokers, Advisors, and Commodity Fund Managers. 8. The Changing Environment of Futures Markets. 9. Electronic Futures Trading. 10. Market Corners and Squeezes. 11. Conclusion. 12. Questions and Problems. 13. Notes. Part II: Futures Prices: 1. Overview. 2. Reading Futures Prices. 3. The Basis and Spreads. 4. Models of Futures Prices. 5. Futures Prices and Expectations. 6. Futures Prices and Risk Aversion. 7. Characteristics of Futures Prices. 8. Conclusion. 9. Questions and Problems. 10. Notes. Part IV: Using Futures Markets: 1. Overview. 2. Price Discovery. 3. Speculation. 4. Speculative Profits. 5. Hedging. 6. Conclusion. 7. Questions and Problems. 8. Notes. Part V: Interest Rate Futures: Introduction: 1. Overview. 2. Interest Rate Futures Contracts. 3. Pricing Interest Rate Futures Contracts. 4. Speculating with Interest Rate Futures. 5. Hedging with Interest Rate Futures. 6. Conclusion. 7. Questions and Problems. 8. Notes. Part VI: Interest Rate Futures: Refinements: 1. Overview . 2. The T-Bond Futures Contract in Detail. 3. Seller's Options in T-Bond Futures. 4. Interest Rate Futures Market Efficiency. 5. Applications: Eurodollar and T-Bill Futures. 6. Hedging with T-Bond Futures. 7. Conclusion. 8. Questions and Problems. 9. Notes. Part VII: Stock Index Futures: Introduction: 1. Overview. 2. The Four Indexes. 3. Stock Index Futures Contracts. 4. Stock Index Futures Prices. 5. Index Arbitrage and Program Trading. 6. Speculating with Stock Index Futures. 7. Risk Management with Stock Index Futures. 8. Conclusion Questions and Problems. 9. Notes. Part VIII: Stock Index Futures: Refinements: 1. Overview. 2. Stock Index Futures Prices. 3. Real World Program Trading. 4. Hedging with Stock Index Futures. 5. Asset Allocation. 6. Portfolio Insurance. 7. Index Futures and Stock Market Volatility. 8. Index Futures and Stock Market Crashes. 9. Conclusion. 10. Questions and Problems. 11. Notes. Part IX: Foreign Exchange Futures: 1. Overview. 2. Price Quotations. 3. Geographical and Cross-Rate Arbitrage. 4. Forward and Futures Market Characteristics. 5. Determinants of Foreign Exchange Rates. 6. Forward and Futures Prices for Foreign Exchange. 7. More Futures Price Parity Relationships. 8. Foreign Exchange Forecasting Accuracy. 9. The Efficiency of Foreign Exchange Futures Markets. 10. Speculation in Foreign Exchange Futures. 11. Conclusion. 12. Questions and Problems. 13. Notes. Part X: The Options Market: 1. Overview. 2. An Option Example. 3. Moneyness. 4. American and European Options. 5. Why Trade Opt... (Part Contents).