Though financial derivatives have been taught in courses in leading business schools for over 50 years, they are now universal, with exchanges having been set up around the globe. Excellent textbooks on derivatives are available. But many students in emerging markets desire a cogent and logical exposition that makes them aware of the specific challenges faced by their countries while developing exchanges. Derivatives Theory and Practice caters to this segment of readers whose requirements have not been adequately addressed in previous literature in the area. Unlike other heavily mathematical and quantitative works that prevent readers from understanding the underlying qualitative and conceptual facts, this book is a user-friendly resource to comprehend derivatives, especially those in the developing world, while also offering analysts and traders in first world markets adequate exposure to products and trading practices in emerging markets. Providing a balanced perspective focusing on both options as well as futures, this book will benefit both financial market professionals as well as students.
