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This course provides an introduction to six strategies that employ equity derivatives, outlines primary components of each strategy, and illustrates potential profit/loss scenarios.
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Top posts from last month included articles on the DCF model, the recent Hildebrand scandal, and an interview with Felix Zulauf. Read more →
Researchers at CERN, the European Organization for Nuclear Research, in Geneva, Switzerland, made a splash recently with the “discovery” of the Higgs boson — a subatomic particle that creates a vital link between matter and anti-matter. For researchers at CFA Institute, the Higgs boson discovery is interesting because it parallels a great challenge facing the world of finance: derivatives. You see, in finance, derivatives contracts are kind of like the Higgs boson as they contain the vital link between money and anti-money. Read more →
The world is flat, or so people thought, until enterprising Greek philosophers challenged the notion in the 6th century BC. More than 2,000 years later, Ferdinand Magellan made a practical demonstration of that fact when he circumnavigated the globe. Although stocks in 2011 sailed through periods of sunshine, wind, and rain, many equities markets ended up flat just the same. Nonetheless, some investors proved that it is possible to make money in this market — and they did so writing covered calls. Read more →
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Examine the wide range of uses of credit derivatives including how they allow those with credit exposure to transfer default risk ...
Using spot and option liquidities, the authors demonstrate a connection between option prices and option ...
By using hedges to reduce their interest rate and foreign exchange exposures, corporations reduce the risks inherent in ...
When debtholders insure against default but retain control rights, an empty creditor problem follows. The ...
Members of CFA Institute receive a 20% discount off the standard program price by entering code “CFA20” during the registration ...
The World Federation of Exchanges has released volume highlights for 2011 finding derivatives, bonds, and ETFs have grown rapidly ...
This course is an intensive three-day workshop on trading and managing risk of vanilla equity derivatives and is presented by ...
Investment professionals thinking of offering managed futures should read this primer on the nuts and bolts of managed ...
In the midst of global market turbulence, the Middle East stands out as an ongoing source of wealth. Accordingly, investment ...
The objective of this two day workshop is to familiarize participants with the products, trading conventions, pricing models, and ...
This interview from MarketsWiki discusses the gold ETF (GLD) and the impact it has had on the gold market as well as how the ...
The current explosion of activity in commodity makes this course essential for all those needing a thorough and detailed ...
Credit default swaps are instruments to improve the management of credit risk but may represent a source of contagion risk in a ...
Understanding the dynamics of realized volatility is critical to effective investment management and portfolio risk management. ...
Recent activity in Greek sovereign debt is raising questions about the effectiveness of sovereign CDSs due to the ...
Presented by ICMA Centre at the University of Reading, the International Capital Market Association, and CFA Institute, the ...
The Research Foundation of CFA Institute Annual Workshop is designed to enhance investment practitioners’ knowledge, help them ...
Relative performance is central to investment management, and yet relative performance securities do not trade directly. Complex ...
Algorithmic trading has grown dramatically and now accounts for about 30 percent of institutional trading. The authors examine ...
When extreme capital flows force mutual funds to enter or exit positions in equities independent of fundamental developments, ...
The impact on risk management of mutual funds using derivatives is discussed based on the SEC analysis of such leveraged ...
IOSCO task force examines the regulation of commodity derivatives to assure the markets remain free of manipulation and abusive ...
Interest in commodities has grown tremendously, partly because commodities are believed to provide direct exposure to ...
The sovereign debt market has grown over the past few years, providing an important source of diversification for global ...
The authors examine assets that investors can use to protect their traditional portfolios from inflation. They consider each ...
Counterparty credit risk has been an important issue being addressed by the Dodd-Frank regulation. This paper discusses the ...
Investors struggle to determine the level of credit bond spread components when a change occurs in the bond’s option-adjusted ...
Structured products can be effectively used to overcome the challenge of limiting downside risks but still achieving reasonable ...
Matthew T. Moran discusses using options and futures to manage risk and improve income. The Take 15 Series is a series of short ...
One year after the passage of the Dodd–Frank financial overhaul that ordered a crackdown on the $600 trillion derivatives ...
CDOs, an important component of structured finance, has issues when the arranging bank serves as two roles at once (potentially ...
This interview with Tammy Botsford from Penson Futures addresses regulatory issues for derivatives including position limits, ...
Using the industry benchmark CreditGrades model to analyze credit default swap (CDS) spreads across a large number of companies ...
PIMCO's Masha Gordon discusses how investing in emerging markets represents secular opportunities, but cyclical challenges ...
The Certificate in Quantitative Finance (CQF) is a six-month part-time course for individuals working in, or intending to move ...
This article discusses a type of structured product that provides a global floor value for investors, but only caps upside ...
This article discusses a type of structured product known as a bonus certificate, which has a path-dependent payoff structure. It ...
Donald MacKenzie gives a sociologist’s perspective on the capital markets and discusses how cultural differences within firms ...
Regulators work to rein in derivatives, the most serious issue facing global financial markets, according to ...
In this guide to sound options-trading strategies, the author’s goal is to teach investors how to profit from the use of options ...
The authors examine the diversification benefits of including commodity futures in an existing portfolio. They discover that ...
Over-the-counter derivatives experts discuss the future challenges facing the sector including transparency, clearing, credit ...
Weather derivatives can be used to hedge the risk of events being rained out, or results from too much or too little snowfall. ...
John Authers examines the growth of the financial markets and offers a big-picture view of some of the main events of the past ...
This report summarizes a symposium held in March 2011, sponsored by the Harvard Law School’s Program on International Financial ...
Yasuhiro Oshima, CFA, gives his thoughts on Japan’s recovery from the recent earthquake, tsunami, and nuclear crises and ...
This course concentrates on asset swaps. An asset swap combines an asset sale with an interest rate or currency swap. As such, it ...
An equity derivative is a financial instrument whose value depends upon the value of an underlying equity reference. This course ...
Profit/loss analysis allows an investor to assess the conditions under which a financial strategy implements the investor's ...
This two-part course provides an introduction to the mechanics, pricing, and applications of key instruments in the credit ...
This course examines currency risk and compares alternative hedging strategies using forward contracts and over-the-counter ...
With both forwards and futures, counterparties agree to exchange an asset on a future date at a specific price determined today. ...
Futures contracts can be written on a variety of assets. The underlying instrument determines, among other things, conventions ...
Energy derivatives are used to hedge the price risk of an underlying commodity. This course introduces petroleum, natural gas, ...
This course provides an overview of how investors hedge equity with futures and options. It focuses specifically on two types of ...
An option is a contract offering the right, but not the obligation, to buy or sell an asset at a predetermined price. Options are ...
This course explains how probability and statistics techniques are employed to determine the value of an option, the future price ...
Given the uncertainty surrounding option pricing, quantifying and managing the risk of an option is crucial. This course examines ...
Caps, floors, and swaptions are over-the-counter financial options that are useful in protecting against financial price risks. ...
Swap transactions, in which one set of cash flows is exchanged for another, represent one of the cornerstones of derivatives ...
Every organization needs to adopt and implement a risk management process that corresponds to the volatility and gravity of the ...
Ch. 7, Analysis of Derivatives for the CFA® Program, Don Chance, CFA (AIMR, 2003)
As an asset class, insurance-linked securities (ILS) performed very well during the 2008–09 financial market crisis. ...
The authors examine the predictive ability of the volatility smirk on future equity returns. They discover that the ...
The video examines trend following in the futures market/commodity trading adviser space. This includes the research needed, the ...
This report from the Financial Services Authority analyses derivatives risk management practices in the investment management ...
Currency hedging is an important tool in reducing portfolio volatility for globally diversified equity and bond investors. ...
Aaron Low, CFA, discusses recent developments and outlook for the A-shares, B-shares, H-shares, REIT, and related markets, as ...
In the wake of the recent congressional passage of financial reforms, banks, hedge funds, and other financial firms are ...
Matt Moran, Joanne Hill, Srikant Dash, and Samson Koo discuss various aspects of volatility and its impact in the marketplace.
Confidence Game tells how hedge fund operator Bill Ackman made $1.1 billion shorting the municipal bond insurer MBIA using credit ...
This study examined the profitability of a trading strategy that exploits the manipulation of stock prices around the grant date ...
This book covers the cash, structured, and synthetic markets and includes chapters on credit analysis, basic trading, and default ...
The authors examine the risk–return characteristics of passive and active implementations of protective collars on the ...
Previously, annuities were the primary tool to manage mortality risk. Now longevity swaps can also be used to manage this type ...
This webcast from Fitch Solutions provides an overview of and discusses issues affecting the CDS market.
The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment ...
In this presentation, Peter Wallison discusses what factors set the stage for the financial crisis by examining little-known ...
The author reviews the credit default swap market and investigates its role in the financial crisis. He concludes that the ...
Investments in commodity futures earn returns through changes in commodity spot prices, yields on fixed-income collateral ...
The authors explore the profitability of trend following and momentum strategies in commodity futures markets. They test several ...
Financial models are being blamed for their role in the recent financial crisis. In particular, critics say, models failed to ...
When Prime Brokers Fail covers its subject, prime brokerage, with encyclopedic thoroughness. It includes a glossary, a ...
In international portfolios, currency risk represents an exposure not wanted, and investors have been passively hedging this ...
Although small as an asset class, emerging market debt offers interesting and varied return possibilities relative to other ...
In this episode, Philip Gocke discusses the following: Changes that have occurred in the derivatives market over the past ...
Commodity prices have increased rapidly in recent years, thus raising some concerns about a speculative bubble. Institutional ...
Financial models can be extremely helpful in adding disciplined thinking to the investment decision-making process. A failure to ...
Both mean–variance analysis (also known as modern portfolio theory) and financial engineering use mathematical techniques to ...
The author highlights the advent of exchange-traded funds and mutual funds that track the performance of alternative ...
The authors investigate the price volatility and tracking ability of exchange-traded funds (ETFs) compared with conventional ...
The authors review various real estate derivatives available to end users worldwide. Real estate derivatives markets have become ...
The Chicago Board Options Exchange Volatility Index (VIX) measures the implied volatility of options on the S&P 500 Index. ...
The author offers two reasons, the possibility of the dollar being devalued and the possibility of inflation, for investing in ...
The authors develop a model for pricing tranches of structured finance securities that are backed by pools of default-risky ...
Recent articles have characterized credit default swaps (CDS) as sources of risk for institutions that use them, potential ...
This online learning module provides an explanation of the warrants market.
Will the move to standardize CDS contracts be good for markets?
Flash orders are a controversial topic that has its proponents and detractors. Learn the major issues in this short video from ...
Learn about option basics for exchange-traded options in this online course from the Options Industry Council.
In this webcast from the Options Industry Council, Bill Ryan explains option basics for exchange-traded options.
A survey and explanation of common counterparty risk issues, including Jonathan Di Giambattista's "Monitoring Counterparty ...
This webcast from Standard & Poor's presents an overview of CDS Markets and analysis and interpretation of credit spreads ...
Ch. 6, Analysis of Derivatives for the CFA® Program, Don Chance, CFA (AIMR, 2003)
Ch. 8, Analysis of Derivatives for the CFA® Program, Don Chance, CFA (AIMR, 2003)
Regulatory reform of the derivatives markets is a challenging balance act that must weigh the advantages and the disadvantages of ...
In this webcast, Matthias Knab interviews Asian Hedge Fund manager Steve Diggle (Artradis Fund - Barracuda Fund).
This comprehensive report from the Bank for International Settlement (BIS) on international banking and financial market ...
At this point, three things are clear about structured credit investments. First, they are complex. Second, few investors ...
Both mean–variance analysis (also known as modern portfolio theory) and financial engineering, which develops products and ...
Although it seems as if the worst has already happened, another crisis is brewing in the commercial real estate market. Values ...
This is a chapter in the Research Foundation book Insights into the Global Financial Crisis.
The author considers the current U.S. economic crisis from a different perspective from that of other commentators. Recognizing ...
The global economic crisis in September 2008 was preceded by the crises of 2007: the subprime mortgage crisis, the corporate ...
In this video, Matthias Knab interviews Multi-Strategy Hedge Fund legend Izzy Englander (Millenium).
This "Clients & Friends Memo" from Cadwalader provides an overview of the "Over-the-Counter Derivatives Market ...
The authors investigate the effect of securitizing mortgages by analzying the market for jumbo mortgages, ...
The 2007–08 financial crisis put the U.S. Federal Reserve on center stage in the largest financial meltdown in recent history. ...
The author studies the ability of variables used in structural models to explain the variation in credit default swap (CDS) ...
This was published as an Item of Interest.
The credit crisis reflects the collapse of a tower of structured finance products based on subprime mortgage loans. These ...
This webcast, entitled "CDS and Market Distress," was contributed by the New York Society of Security Analysts ...
In the 1970s, the dark ages of regulatory excess, globalization was impeded by tough restrictions imposed by governments on ...
Understanding how return volatility adversely affects wealth accumulation is critical.
The authors illustrate the use of a dynamic core–satellite (DCS) portfolio approach for constructing absolute return ...
The authors partition the implied volatilities from traded option prices into systematic and idiosyncratic components. ...
In this webcast, Max Holmes discusses the following: Can anything be learned from past credit crises to help us navigate ...
The credit default swap index, the most credit-sensitive security, can provide an early warning of broader future ...
Over the last 15 years, the traditional funding process, with its clear checks and balances, largely disappeared. ...
The authors develop a model that has two components of risk: traditional risk (volatility) and regret risk. They apply ...
The authors study the profitability of two futures strategies designed to exploit a slow adjustment in municipal yields ...
Leveraged exchange-traded funds are a new investment vehicle designed to deliver a multiple—commonly two times—of the ...
In this webcast, Gillian Tett explains the market’s collective reaction to the global financial crisis using the Kubler-Ross ...
In this webcast, David W. Burkart, CFA, discusses the following: The argument in favor of commodities in the asset ...
In this video from the CBOE, Ben Londergan explains the Volatility Index and what it measures.
Previous research shows mixed results when investigating the existence of trading place bias in equity returns. The ...
The ongoing subprime crisis raises many concerns about the possibility of even more widespread credit shocks. We ...
Many past studies have found that currencies trend, so technical trading rules produced statistically and economically ...
Data from the prices of tranches of synthetic collateralized debt obligations are used to provide insight into market ...
Janet Yellen gives her views on the outlook for the U.S. economy and how it is currently being shaped by the turmoil in ...
The subprime crisis will have ramifications for years to come. But what caused it? Was it a regulatory failure, or did ...
In this decade, the growth in hedge fund assets has been staggering. Although many investors have their own personal ...
Automation will help the credit derivatives market.
The development of a financial derivatives market in China has reached a critical stage.
As a source of information, CDS markets are too valuable to be neglected.
Practitioners have long supported the idea that options can improve returns and reduce risk relative to a stock-only ...
In this article, the authors examine the decision to liquidate a savings account to pay off an existing debt. The ...
The author discusses five major turning points in U.S. real estate and stock markets and offers a possible “behavioral” ...
When investors value a collateralized debt obligation (CDO) backed by impaired assets, understanding the status of the ...
Can better processes restore confidence in credit derivatives?
The ongoing subprime crisis raises many concerns about the possibility of even more widespread credit shocks. We describe a ...
Global tactical asset allocation (GTAA) is an investment strategy that has evolved over the past 30 years. In its ...
In this webcast, Michael P. Lustig discusses the following: Assessing security values when credit conditions are unclear ...
In this podcast, Thomas J. Boczar, CFA, discusses the following: Investment tools that can be used to achieve economically ...
In this webcast, Tad Rivelle discusses the following: Innovations in leveraging that have dramatically expanded ...
A market for dividends paid on major equity indices and paid by large companies has developed around the world. This market, in ...
This study investigated the asset allocation behavior of individuals who select an out-of-the-money long-dated longevity-put ...
The authors create a model to measure the volatility interrelationships between a stock index (and stock index futures) ...
In this podcast, Richard L. Sandor discusses how the use of markets can be used to solve global warming and other environmental ...
In this webcast, Bud Haslett, CFA, discusses covered call writing and the challenges of managing this popular alpha-generating ...
In this webcast, Brad Berggren discusses the following: Investment and tax effects of various popular hedging strategies ...
Volatility trades using options and credit default swaps offer attractive trading opportunities for absolute return ...
In this article, the authors look closely at the information content in the volatility skew and seek to shed light on ...
The Chicago Board Options Exchange Volatility Index (VIX) has been around since 1990, but futures on the VIX began ...
Analyzing the returns to equity hedge funds is a different process from analyzing long-only equity fund returns. ...
Learn how vertical spreads work and how to manage positions of vertical spreads in this CBOE online course.
In this webcast, Peter L. Bernstein discusses historical and current issues in risk management.
Financial futures hedges typically use one futures market (e.g., a 10-year-note futures to hedge a position in 10-year U.S. ...
Will Asian derivatives turn global trading patterns upside down?
Generic bond indices, such as the capitalization-weighted Lehman Brothers Aggregate Bond Index, are not the best ...
In this webcast, Carl Hess discusses the following: LDI: Strengths and shortcomings, and why now? Ways to hedge ...
This article looks closely at two strategies that can potentially be used to exploit commodity markets: short-term momentum and ...
The authors examine the correlation of credit default swap spreads and equity prices for companies in a common industry during an ...
Portfolio rebalancing trades off tracking error against the transaction costs associated with avoiding tracking error. Prior ...
The authors empirically test the standard model of credit–default correlation that assumes that companies’ default intensities ...
In recent years, many studies have shown momentum strategies to be surprisingly profitable for horizons of 1–12 months. The ...
By incorporating new information generated by currency derivatives trading, underlying exchange rates should be less ...
This comprehensive, qualitative, global treatment of the issues surrounding environmental financial ...
Derivatives perform a variety of functions and have become so popular that the derivatives markets dwarf some of the ...
The normal backwardation net hedging theory holds that residual risk premiums in futures returns arise from hedgers’ desire to ...
Historical default data over the 1970–2005 period are used to model present values (PVs) for synthetic collateralized debt ...
This short, practical book written in a refreshing and charming prose style constitutes a fine introduction to the ...
This collection of articles covers numerous key fixed-income topics, addresses many of the practices currently ...
With interest rate swaps being the most widely used of all financial derivative contracts, financial analysts and engineers ...
The use of bond futures and options on bond futures to manage interest rate risk from both asset management and asset/liability ...
This article sheds light on the information content of options volume (put–call ratio) for the underlying stock returns. Results ...
The authors investigate the use of the mean absolute deviation to forecast future volatility. Despite being so simple to ...
Commodities can strengthen portfolios by offering a risk premium and a different risk profile and source of return from ...
A new paradigm of investment management is on the horizon, one that defines portfolios as bundles of risk to be managed ...
The collateralized debt obligation (CDO) market has developed markedly in sophistication and complexity since the emergence of ...
Speculative bubbles have long been a feature of financial and asset markets, both in the United States and elsewhere. Although ...
Investing in commodities remains controversial. But a long-only allocation to commodities brings risk reduction and inflation ...
In the study reported, the CreditGrades model was used to calculate credit default swap spreads and the spreads were compared ...
This review provides a comprehensive survey of recent quantitative research on the pricing of credit risk. It also explores two ...
Learn about strategies that profit in neutral markets in this Options Industry Council online course.
Many portfolio managers are interested in replicating their benchmarks (or a subcomponent) in order to achieve some active ...
Speculative bubbles have long been a feature of financial and asset markets, both in the United States and ...
The credit derivatives market is growing rapidly in size as well as importance. Credit default swaps, the ...
Covered S&P 500 Index call strategies have, on average, outperformed the S&P 500 Index over the past 15+ years while ...
The article examines the risk and return of capital structure arbitrage, which exploits the mispricing between a company’s credit ...
For this study of the simple properties of commodity futures as an asset class, an equally weighted index of monthly returns of ...
Investors face numerous challenges when seeking to estimate the prospective performance of a long-only investment in commodity ...
The collateralized debt obligation (CDO) market has developed markedly in sophistication and complexity since ...
Investors in collateralized debt obligations (CDOs) grapple with several relative-value questions—relative value between two ...
This article addresses the following key points: • Formerly used only by banks looking to hedge loan exposures, credit default ...
This article addresses the following key points: • Market demand for credit derivatives comes from a variety of sources.• The ...
This paper shows that the asymmetrical "smirk" pattern found in the implied volatilities of U.S. equity options exists ...
U.S. Federal Open Market Committee (FOMC) meetings command a great deal of attention because at these meetings changes occur in ...
This wide-ranging, well-edited book provides a good taste of Black’s approach to quantitative finance through a thoughtful ...
Investors face numerous challenges when seeking to estimate the prospective performance of a longonly investment in commodity ...
Through steady and consistent writing, the authors deliver a unified approach in a single volume to a subject that covers all of ...
Institutional investors are under pressure to enhance returns. And active currency management is an ...
Learn how to use equity collars to hedge stock position in this Options Industry Council webcast. Registration is required to ...
Learn how to use covered calls to enhance returns in this webcast from the Options Industry Council. Registration is required ...
Learn how to adjust option positions by using repair and exit strategies in this webcast from the Options Industry Council. ...
Learn the importance of volatility when investing in options in this webcast from the Options Industry Council. Registration is ...
Successful money management over long periods of time rests on two foundations. The first is "a secular outlook"—that ...
The largest sector of the U.S. investment-grade fixed-income market is structured products—mortgage-backed securities and ...
This article addresses the following key points: The presence of institutional investors appears to be important in offsetting ...
Successful money management over long periods of time rests on two foundations. The first is “a secular outlook”—that is, a ...
This article addresses the following key points: At the end of June 2004, the total amount for US-based derivatives for the top ...
From 1981 until 2000, futures contracts on single stocks and on small-stock indexes were prohibited under a U.S. federal law ...
This article addresses the following key points: Past outperformance of currency managers resulted from highly ...
Fixed-income and other investors may not be transacting to generate currency returns, but currency strategies can add value to ...
Although futures, swaps, and options provide effective means for managing most of the main types of fixed-income portfolio risk, ...
This readable, wide-ranging, practical, and wise book introduces the entire field of financial engineering and covers it in a ...
Use of the weighted-average cost of capital (WACC) in real-option valuation is an alternative to using risk-neutral real-option ...
Analysts are accustomed to using prices for the information they contain. A stock price, for example, can be thought of as an ...
Analysis of Derivatives for the CFA® Program introduces students and practitioners to a practical risk management approach to ...
Many investors need to rebalance portfolios that are heavily weighted in low-basis stocks. At least three financial strategies ...
David M. Stein (Managing Director and Chief Investment Officer, Parametric Portfolio Associates) discusses How employee ...
Meeting the special needs of clients who have concentrated equity holdings has become a productive way for investment managers to ...
This extensive options book by Larry McMillan explains various option terminology and strategies and serves as an excellent ...
This video from the CBOE shows how vega measures an option's exposure to volatility.
This Financial Times interview with the chairman of ISDA addresses regulatory issues such as regulatory arbitrage and trends ...
Discussions on segregation of accounts in the wake of MF Global and other regulatory highlights are addressed in this interview ...
This book explains the modeling of cash CDOs, credit-rating agency approaches to assigning credit ratings, and the use of CLOs in ...
This book describes various option strategies and how they can be used to establish hedge exposures in addition to enhancing ...
This is a comprehensive survey of 192 institutional investors, asset managers, and private wealth managers conducted between ...
Read highlights from “VIX Futures and Options – A Case Study of Portfolio Diversification During the 2008 Financial Crisis” in ...
Find out what main legal challenges are facing OTC derivatives in Hong Kong and what the need for reform is amid calls to ...
This article reviews the Canadian tax treatment for equity options.
This booklet summarizes the basic rules governing the federal income taxation of certain investments by individuals who are ...
The purpose of this booklet is to provide an introductory understanding of index options and how they can be used. Index options ...
The purpose of this booklet is to provide an introductory understanding of exchange-listed, long-term options called LEAPS® ...
In this edition of the Thought Leadership Series from BNY Mellon, practitioners can review coming changes to the derivatives ...
This report from the Office of the Comptroller of the Currency (OCC) analyzes the trading and derivatives activity of U.S. ...
Ropes and Gray provides an overview of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act in this short ...
Read about the most extensive financial regulatory modifications since the Great Depression in the Dodd-Frank bill, which ...
This paper discusses whether centralized clearing of derivatives lowers counterparty credit risk and whether clearing two or more ...
The report compares OTC and exchange-traded derivatives by analyzing the size of the markets, collateral requirements, and ...
This book reviews a variety of risk management topics including market, credit, liquidity, and operational risk. The author ...
This book examines the actual use of interest rate derivative products including swaps, options, and exotics while also reviewing ...
This book reviews a myriad of derivatives topics and examines their pricing characteristics and application to risk management.
This is a position paper from Optiver that rebuffs some of the common arguments about high frequency trading.
This interesting article highlights the use of derivatives in ETFs and gives six rules for determining whether an ETF uses ...
This report from the Hong Kong Exchange highlights derivatives use including the percentage of trading from hedging, speculation, ...
This Triennial Central Bank Survey from the Bank For International Settlements provides valuable data on the OTC derivatives ...
This position paper presents a review of the rise in oil prices from a risk perspective (PDF).
The author walks through the theory and practice of identifying credit default swap trades compared to associated cash market ...
A thorough analysis of credit derivative instruments and a practical guide to usage (PDF).
In this report, the World Federation of Exchanges looks back on exchange operations, models, and risk in the year 2008.
In this brochure, the Options Industry Council (OIC) summarizes a study on the performance of collar strategy on the PowerShares ...
Read about the volatility indexes that the Chicago Board Options Exchange (CBOE) calculates and updates in this fact sheet.
Commodities as an Investment
CFA Institute / ICMA: International Fixed Income and Derivatives (IFID) Programme
Certificate in Quantitative Finance - Online
Interview with Steve Diggle - 3
Managing Covered Call Option Positions
Tumbling Tower of Babel: Subprime Securitization and the Credit Crisis
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