Fundamentals of Futures
and Options Markets, Seventh Edition

The book has been fully updated and there are many new features. For example:

· A new chapter devoted to securitization and the credit crisis has been added (Chapter 8)

· A new chapter devoted to employee stock options has been added (Chapter 14)

· Chapter 3 on hedging using futures has been simplified

· An appendix explaining standard deviations, correlations, regression, and the capital asset pricing model has be added to Chapter 3

· Value at risk calculations are illustrated using an example involving real data

· New material has been included on futures-style options, the use of clearinghouses for OTC derivatives, and the VIX index

· The DerivaGem software has been improved so that

· it now covers credit derivatives

· the functions can be used with Open Office by Mac and Linux users

· the code for the functions is accessible to users

· The Test Bank has been improved and expanded

· Instructor support material is available on line from Pearson

· Slides have been updated. About 500 can now be downloaded from this web site or from Pearson

· New end-of chapter problems are included