The "bible" of futures and options markets - used as a fundamental academic textbook in dozens of universities worldwide - in this revised and updated ninth American edition includes many new features, such as:
- Significant revision of the chapter on swap agreements, with improved presentation of the material to reflect recent developments in the market.
- Detailed examination of the new regulations regarding the trading and clearing of over-the-counter derivatives.
- Additional material on daily exchange agreements and the use of daily exchange rates as risk-free interest rates in derivative valuation.
- Extensive presentation of the calculation and use of Greek parameters.
- Deeper analysis of the metric of expected loss due to its increasing importance.
- New version of the widely recognized DerivaGem software.