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Chapter 8: The Structure of Forward and Futures Markets

D. M. Chance. An Introduction to Derivatives and Risk Management, 6th ed.. Ch. 8: 2. Important Concepts in Chapter 8. Definitions and examples of forward and futures contractsInstitutional characteristics of forward and futures marketsFutures contracts available for tradingPlacing an order, marg

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Chapter 8: The Structure of Forward and Futures Markets

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    1. D. M. Chance An Introduction to Derivatives and Risk Management, 6th ed. Ch. 8: 1 Chapter 8: The Structure of Forward and Futures Markets It is like watching your favorite soap opera. You know all the characters. You know the plot. But you never really know how the day is going to end. Turk Ozdek Futures, July 2001, p. 86

    2. D. M. Chance An Introduction to Derivatives and Risk Management, 6th ed. Ch. 8: 2 Important Concepts in Chapter 8 Definitions and examples of forward and futures contracts Institutional characteristics of forward and futures markets Futures contracts available for trading Placing an order, margins, daily settlement The role of the clearinghouse Accessing futures price quotations Magnitude and effects of transaction costs

    3. D. M. Chance An Introduction to Derivatives and Risk Management, 6th ed. Ch. 8: 3 The Development of Forward and Futures Markets Chicago Futures Markets The Development of Financial Futures The Development of Options on Futures Markets The Parallel Development of Over-the-Counter Markets interbank market growth of forward markets

    4. D. M. Chance An Introduction to Derivatives and Risk Management, 6th ed. Ch. 8: 4

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