December 7, 2011
Mastering Derivatives Markets 4th Ed Discount
On my Writing page is a mention of Mastering Derivatives Markets 4th Ed a valuable book as it covers a wide range of OTC topics shown below.
1. Background and development of the derivatives market
- Market background
- Introduction
- Key features
- Uses of derivatives
- Range of derivatives
- Increasing use of the Central Counterparty Model (CCP)
- Risk and benchmarking
- Market volumes
- Users and uses of derivatives
- Straight Through Processing (STP)
2. Market fundamentals
- Introduction
- How banks generate income
- Three key assumptions
- Role and use of LIBOR
- Day counts
- Financial maths
- Calculating forward rates
- Marking to market
- Yield curves
- Quiz
3. Risk — a Primer
- Introduction
- Financial risks: markets, credit, liquidity
- Operational risk
- More esoteric risks
4. Derviatives Fundamentals
- Range of derivatives
- What is a vanilla trade?
- Settlement
- Triggers
- Liquidity and credit risk
- Understanding the 'underlying'
- Benchmarks
- Fair value
- Dealing with derivatives
5. Basic option concepts
- Introduction
- Option pricing
- Option mechanics
6. Interest rate derivatives — single settlement instruments
- Introduction
- Single settlement interest rate derivatives
- Financial futures contracts
- Forward rate agreements (FRAs)
- Interest rate options (IROs)
- Quiz
7. Interest rate derivatives
- Introduction
- Interest rate caps and floors
- Interest rate collars
- Interest rate swaps
- Quiz
8. Benchmarking in the OTC derivatives markets
Penny Davenport, Manging Director, ex-Markit Document Exchange and Gavan Nolan, Vice President, Credit Research, Markit Group
- Financial benchmarking for derivatives
- Liquidity benchmarking for derivatives
- Operational risk measurements for derivatives
- Conclusion
9. Currency derivatives
- Introduction
- Over the counter currency options
- Currency options: reduced premium strategies
- Simple exotic structures
- Currency swaps
- Exchange-traded instruments
- Quiz
10. The impact of electronic trading on the FX Market
Ray McKenzie, Vice President, ICE
- The early years
- FX as part of a commodity portfolio
- First electronic dealing platforms
- Electronic market making
- Phases I and II
- Point and click vs algo traders
- The impact of the credit crisis on banks' FX trading
- Phase III
11. Credit derivatives
- Introduction
- What is credit risk?
- Styles of trading
- The first deals
- Range of credit derivatives
- Credit default swaps
12. Central clearing and the OTC market
Bill Hodgson, Owner, The OTC Space Ltd
- The basics
- Trade execution
- Risks and mitigation
- Getting trades into clearing
- The business case and benefits
- Predictions for market development
- Terminology
13. Equity derivatives
- Introduction
- Background
- Single stocks or equity indices?
- Stock index futures
- Stock index options
- Single stock options
- Equity index swaps
14. Commodity derivatives
- Introduction
- Exchange-traded energy derivatives
- Exchange-traded futures contracts
- Exchange-traded energy option contracts
- OTC or ‘off-exchange’ energy derivatives
- OTC option products
- OTC oil swaps
15. Carbon derivatives and environmental products
Emilie Mazzacurati, Point Carbon, a Thomson Reuters company
- What are carbon markets?
- Volumes and value
- Overview of regulation
- Carbon instruments
- What drives carbon prices?
- Trading carbon: in practice
- Conclusion
16. Regulation in the derivatives markets
Eric Salomons, Associate Director, Dubai Financial Services Authority (DFSA)
- Why regulate the derivatives market?
- Who regulates the derivatives market?
- Regulatory models and objectives
- Supervisory aims — equal access to markets
- Market integrity
- Market abuse and manipulation
- The role of market surveillance
- Efficient markets
- Continuing regulatory challenges
