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Fundamentals of Futures and Options Markets, 9/e


Fundamentals of Futures and Options Markets, 9/e
Author(s)  John C Hull
ISBN  9789352865635
Imprint  Pearson Education
Copyright  2018
Pages  624
Binding  Paperback
List Price  Rs. 845.00
  
 
 

Fundamentals of Futures and Options Markets covers much of the same material as Hull's acclaimed title, Options, Futures, and Other Derivatives. However, this text simplifies the language for a less mathematically sophisticated audience. Omitting calculus completely, the book is suitable for any graduate or undergraduate course in business, economics, and other faculties.
 
The Ninth Edition has a flexible structure that can be used for any course length. Instructors can choose to cover only the first 12 chapters, finishing with binomial trees, or to cover chapters 13-25 in a variety of different sequences. Each chapter from 18 onwards can be taught independently as its own unit. No matter how you elect to divide the material, Fundamentals of Futures and Options Markets offers a wide audience a sound and easy-to-grasp introduction into financial mathematics."
 

  • About the Author
  • Contents
  • Features
  • Downloadable Resources

John Hull is the Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management, University of Toronto. He is an internationally recognized authority on derivatives and risk management with many publications in this area


 

 

"1. Introduction


2. Futures markets and central counterparties


3. Hedging strategies using futures


4. Interest rates


5. Determination of forward and futures prices


6. Interest rate futures


7. Swaps


8. Securitization and the credit crisis of 2007


9. Mechanics of options markets


10. Properties of stock options


11. Trading strategies involving options


12. Introduction to binomial trees


13. Valuing stock options: the Black-Scholes-Merton model


14. Employee stock options


15. Options on stock indices and currencies


16. Futures options and Black's model


17. The Greek letters


18. Binomial trees in practice


19. Volatility smiles


20. Value at risk and expected shortfall


21. Interest rate options


22. Exotic options and other nonstandard products


23. Credit derivatives


24. Weather, energy, and insurance derivatives


25. Derivatives mishaps and what we can learn from them


"


 

 

UPDATED! Streamlined material based on recent trends in the derivatives market makes the text both more appealing and logical.


The derivatives market's move towards IOS discounting has continued since the last edition, and changes have been made to the first seven chapters to reflect this trend.


LIBOR discounting is no longer presented as a way to value instruments such as swaps and forward rate agreements. Instead, the valuation of these instruments requires a) forward rates for the rate used to calculate payments (usually LIBOR), and b) the zero-coupon, risk-free zero curve used for discounting (usually the OIS zero curve).


Information Throughout Has Been Brought Up-to-date


New regulations concerning the clearing and trading of OTC derivatives has been expanded on throughout the text.


REVISED! Chapter 7 on swaps has been majorly reworked to improve material presentation and reflect the derivatives market's move to OIS discounting.


UPDATED! Discussion of the impact of daily settlement when futures contracts are used for hedging has been expanded.


UPDATED! Details on the calculation and use of Greek letters are included.


UPDATED! Discussion of the expected shortfall measure reflects its increasing importance in the field."


 

 
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