DERIVATIVES

In today’s highly charged and rapidly changing financial climate, it is essential for financial professionals to have a strong grasp of the products, practices, and regulatory agencies associated with the derivatives market, especially when derivatives are dominating headlines in the global market.

In this book, financial expert David Weiss introduces readers to the basic concept of a derivative and offers a thorough examination of the many derivative products. Breaking down a complex market into its basic parts, he systematically explains the structure, usage, and value aspect of all the products constituting the derivatives universe, including the following:

· Mutual funds · Currency rates · Options · Futures · Forewards · Swaps

For each of these types of derivatives, Weiss introduces the players in the market, outlines the mechanics of trading, and explains the role of regulation and oversight in the process.

Written for portfolio managers, brokers, financial planners, and institutional investors, this book is an indispensable tool for today’s investor and will leave readers better equipped to understand one of finance’s most complex arenas. David M. Weiss has been in the brokerage industry for more than thirty years. He is currently a consultant, an educator, and a source material expert at Dunbar Associates. He also develops educational programs, processing manuals, and system flow analysis through D'Maracra. A former vice president of global operations for Goldman Sachs, he has also worked for the New York Stock Exchange. He has served on the faculty of the New York Institute of Finance since 1968. He is the author of Financial Instruments (Portfolio 2009) and After the Trade is Made (Portfolio 2006).