Financial Futures and Options: A Guide to Markets, Applications, and Strategies

(Hardback)

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Although the financial futures and options markets have only existed since 1972, many current participants have little understanding of their genesis. This work offers an historical perspective that aims to provide important insights into the basic functioning of the markets. Petzel explains how these relatively new market investment products originated, how they are used and how the markets in which they are traded work. Beginning with an overview of the first 15 years of financial futures, Petzel examines both successes and failures, developing a basic hypothesis of what components are necessary for success. The next two chapters present the fundamentals of futures and options, and subsequent chapters address equities market strategies, interest rate strategies and foreign currency futures and options. In the final chapter the author discusses accounting, tax and regulatory issues that affect the development and trading of financial futures and options.

Reviews

This volume offers a historical perspective that provides insights into the basic functions of the markets for financial futures and options. The author explains how these relatively new investment products originated. In addition to an overview of the first fifteen years of financial futures, the volume presents the fundamentals of futures and options, equities market strategies, interest rate strategies, and the foreign currency accounting, tax, and regulatory issues that affect the development and trading of financial futures and options. It was written for professionals in corporate finance and in the financial services industry who have had little exposure to financial futures and options.-Journal of American Society of CLU &CHFC
"This volume offers a historical perspective that provides insights into the basic functions of the markets for financial futures and options. The author explains how these relatively new investment products originated. In addition to an overview of the first fifteen years of financial futures, the volume presents the fundamentals of futures and options, equities market strategies, interest rate strategies, and the foreign currency accounting, tax, and regulatory issues that affect the development and trading of financial futures and options. It was written for professionals in corporate finance and in the financial services industry who have had little exposure to financial futures and options."-Journal of American Society of CLU &CHFC

Author Bio

TODD E. PETZEL is Vice President of Resarch at the Chicago Mercantile Exchange. He formerly served as the Chief Economist of the Coffee, Sugar, and Cocoa Exchange in New York. Petzel was on the faculty of Stanford University from 1978 to 1982 and taught at Macalester College in St. Paul, Minnesota, from 1976 to 1978.