US Futures Market

Author: Liu Zhenya
Publisher:
Publish Date: 2001-12-01
Features: The book "The U.S. Futures Market" is divided into three parts, totaling fifteen chapters. Part I from Chapter 1 to Chapter 5 primarily introduces the methods of futures trading and the basic organizational structure of the U.S. futures market, as well as the typical characteristics of futures trading and the U.S. futures market. On this basis, it further reviews the history of the U.S. futures market's emergence and development, and analyzes the three major market participants—exchanges, brokerage firms, and clearing companies—based on the structure of the futures market. Part II from Chapter 6 to Chapter 13 studies the specific operations of the U.S. futures market, analyzing and introducing the several basic types of traded commodities and their characteristics. It provides detailed explanations of the different characteristics of several typical futures commodities, including commodity futures, foreign exchange futures, interest rate futures, and stock index futures. It also analyzes and evaluates the behavioral patterns of the two basic investment entities in the market—hedgers and speculators—with examples. In response to the intersection of futures and options trading, the book also provides an overview of futures options trading. The last two chapters are Part III of the book, which primarily analyzes the regulation of the U.S. futures market. It reviews the development history of the U.S. futures industry and institutional regulation, as well as provides a detailed discussion of the laws and regulations related to futures trading.