Futures, options, and swaps (5th ed.)

Written in an accessible, non-technical style, "Futures, Options and Swaps" is the most comprehensive text on derivative markets available.

The only book on the market to utilize such a reader-friendly, instructive approach, students will find the material readily comprehensible without a professor's guidance, thereby freeing instructors to cover only the vital topics or to teach a more technical course.

This 5th edition has been extensively revised to address the most recent developments in this rapidly-evolving field.

New and updated information reflects current conditions in a variety of areas, including electronic trading platforms, globalization of markets, hedge funds, financial scandals involving derivatives, and government regulation.