Financial Futures

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 5, 2007 -- Financial Futures : "Financial Futures" is the second edition of Professor Desmond Fitzgerald�s definitive guide to futures. "Financial Futures" explores the mechanics of trading financial futures, examines position trading, intramarket and intermarket spread trading, cash-futures spreads and reveals the dynamics of trading more complex synthetics. "Financial Futures" is written by a team of academic and professional specialists, the text is an invaluable and practical guide to the futures trading.(412 pages)

Table of Contents of "Financial Futures" :

Chapter 1 The development of financial futures markets: Financial futures, Forward contracts, Futures contracts, Types of financial futures contract, Why financial futures have developed, The success of the contracts, The users of financial futures contracts, The future

Chapter 2 The mechanics of financial futures trading: How a financial futures contract works, The pricing of financial futures contracts, Short-term interest rate contracts, Long-term interest rate contracts, Foreign exchange contracts, Equity index contracts, Contract specifications, The role of the clearing house, Settlement, The margin system, The delivery process, Executing a transaction, Electronic trading, Commission and transaction costs, Types of orders, Market price qualifiers, Time constraints, Contingent orders, Intramarket spread, Summary

Chapter 3 Pricing and arbitrage of financial futures: Pricing and short-term interest rate futures contracts, Long-term interest rate futures, Stock index futures, Synthetic spread arbitrage, Interest and foreign exchange futures combination, arbitrage, Summing up arbitrage and fair pricing

Chapter 4 Hedging with financial futures contracts: The basic principles: Elements in making hedge decisions, Determination of the risk exposure, Decision of whether the degree of risk is acceptable, What hedging alternatives are available and what do they cost?, Are there suitable futures contracts for hedging?, Correlation analysis, Linear regression, Linear regression and hedge design, Deciding how many futures contracts are required for a good hedge (the hedge ratio), Hedging with short-term interest rate contracts, Hedging with long-term interest rate contracts, Using conversion factors, Perturbation analysis, Duration based hedge ratios, Hedging with stock index futures, Choosing which contracts to trade, Adjusting for the interest on variation margin, Other aspects of hedging with futures, Aggressive hedging, Making use of limit and stop orders, Deciding on the size of hedge, Accepting some of the risk exposure, Taking a basis rate forecast into account, The hedge management process, Conclusion

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