Exchange-Traded Derivatives provides an overview of the global
listed futures and options markets, and how individual exchanges
and products are adapting to a new operating environment – an
environment characterized by rapid, almost continuous, change. This
book serves as an ideal resource on the 21st century listed
derivative markets, products and instruments.
Divided into three parts, Exchange-Traded Derivatives begins by
providing an overall understanding of the marketplace and the
forces that have, and are, altering the operating environment –
stressing how exchanges need to change in order to cope with the
challenges. The author then provides a comprehensive description of
leading established exchanges, detailing their origins and
structure, range of products and services, strengths and
‘weaknesses’. The book concludes with a look at emerging
marketplaces – those in developing countries as well as new
‘electronic’ platforms – that are likely to increase in importance
over the coming years.
Exchange-Traded Derivatives is a valuable reference for fund
managers, corporate treasurers, corporate risk managers, CFOs and
those seeking a detailed guide to the world’s derivative exchanges
and products.
Table des matières
Acknowledgements.
Dedication.
Biography.
Introduction.
PART I: THE CHANGING MARKETPLACE.
1. Forces of Change.
2. Responding to Challenges.
PART II: THE ESTABLISHED EXCHANGES.
Europe.
3. Borsa Italiana (BI).
4. Eurex.
5. Euronext.
6. International Petroleum Exchange (IPE).
7. London International Financial Futures Exchange (LIFFE).
8. London Metal Exchange (LME).
9. Mercado Español de Futuros Financieros (MEFF).
10. OM/Stockholmborsen (OM).
North America.
11. Chicago Board of Trade (CBOT).
12. Chicago Board Options Exchange (CBOE).
13. Chicago Mercantile Exchange (CME).
14. Montreal Exchange (MX).
15. New York Board of Trade (NYBOT).
16. New York Mercantile Exchange (NYMEX).
Asia-Pacific.
17. Hong Kong Exchanges and Clearing (HKEx).
18. Osaka Securities Exchange (OSE).
19. Singapore Exchange (SGX).
20. Sydney Futures Exchange (SFE).
21. Tokyo Commodity Exchange (TOCOM).
22. Tokyo Grain Exchange (TGE).
23. Tokyo International Financial Futures Exchange (TIFFE).
24. Tokyo Stock Exchange (TSE).
PART III: THE NEW MARKETPLACES.
Emerging Exchanges.
25. Bolsa de Mercado e Futuros (BMF) – Brazil.
26. Mercado Mexicano de Derivados (Mexder) – Mexico.
27. Korea Futures Exchange (KOFEX) – South Korea.
28. Malaysian Derivatives Exchange (MDEX) – Malaysia.
29. South African Futures Exchange (SAFEX)-South
Africa.
Electronic Communication Networks and Electronic Exchanges.
30. Intercontinental Exchange (ICE).
31. Broker Tec Futures Exchange (BTEX).
32. One Chicago (OC).
33. International Securities Exchange (ISE).
34. European Electricity Exchange (EEX).
Summary.
Glossary.
Selected References.
Index.
A propos de l’auteur
ERIK BANKS has held senior risk management positions at
several global financial institutions, including XL Capital, where
he was Partner and Chief Risk Officer of the Bermuda reinsurer’s
derivative subsidiary, and Merrill Lynch, where he spent 13 years
managing credit and market risk teams in Tokyo, Hong Kong, London
and New York. Mr. Banks, an Adjunct Professor of Finance at the
University of Connecticut, has written a dozen books on risk
management, emerging markets, derivatives, merchant banking, and
electronic finance.