Futures and options

Author: Xie Jianping
Publisher:
Publish Date: 2004-03-01
Features: This book, in addition to the two major themes of futures and options commonly found in general publications, also includes various other derivative financial instruments currently popular in the market, such as financial swaps, forward rates, warrants (stock warrants), convertible bonds, and more. This aims to provide readers with a comprehensive understanding of the entire derivatives market and lay a foundation for developing financial engineering. Additionally, while derivative financial instruments can meet the needs of various users, their risk levels are significantly higher than those of traditional financial instruments. Therefore, when using derivative financial instruments, it is essential to closely monitor changes in their risks. This book dedicates a special chapter to introducing the currently advanced risk evaluation model—Value at Risk (VaR)—for reference. Unlike most foreign books that primarily focus on theory and foreign practices, this book adopts an easy-to-understand writing style combined with local practical case studies. It also includes units such as difficulty ratings, on-the-spot thinking, and practical columns to enhance learning performance. It is particularly suitable for teaching use in universities and colleges for courses on futures and options, as well as other related derivative financial instruments.