Includes bibliographical references and index.

Introduction -- Futures markets -- Futures prices -- Using futures markets -- Interest rate futures : an introduction -- Interest rate futures : refinements -- Security futures products : an introduction -- Security futures products : refinements -- foreign exchange futures -- The options market -- Option payoffs and option strategies -- Bounds on option prices -- European option pricing -- Option sensitivities and option hedging -- American option pricing -- Options on stock indexes, foreign currency, and futures -- The options approach to corporate securities -- Exotic options -- Interest rate options -- The swaps market : an introduction -- Swaps : economic analysis and pricing -- Swaps : applications.

This text is recommended for students preparing for the Chartered Financial Analyst exam. It provides a comprehensive coverage of derivatives and presents a balance between introductory and advanced topics.