Charles M. S. Sutcliffe

Stock Index Futures (eBook, ePUB)

• Format: ePub

Produktbeschreibung

The global value of trading in index futures is about $20 trillion per year and rising and for many countries the value traded is similar to that traded on their stock markets. This book describes how index futures markets work and clearly summarises the substantial body of international empirical evidence relating to these markets. Using the concepts and tools of finance, the book also provides a comprehensive description of the economic forces that underlie trading in index futures. Stock Index Futures 3/e contains many teaching and learning aids including numerous examples, a glossary, essay questions, comprehensive references, and a detailed subject index. Written primarily for advanced undergraduate and postgraduate students, this text will also be useful to researchers and market participants who want to gain a better understanding of these markets.

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Produktdetails

• Verlag: Taylor & Francis eBooks
• Seitenzahl: 534
• Erscheinungstermin: 18. Januar 2018
• Englisch
• ISBN-13: 9781351148542
• Artikelnr.: 50920993

Autorenporträt

Sutcliffe, Charles M.S.

Inhaltsangabe

Contents: Preface. Preliminaries: Stock market indices
Introduction to futures trading. Arbitrage: Arbitrage and the valuation of stock index futures
Arbitrage in practice
Arbitrage and relaxing the assumptions. Prices: Basics, spreads and the risk premium
Maturity, price volatility and volume
Market efficiency. Uses: Hedging
The uses of stock index futures by fund managers. Others: The design and regulation of futures contracts
Further topics in index futures
Questions
Glossary
References
Index.