Download or read book Do Warrants Lead the Underlying Stocks and Index Futures written by and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The lead-lag relation between options and stocks has been a subject of controversy for years with conflicting findings in the literature. In this thesis, we present an intuitive method to examine the lead-lag relation, if any, in the tick-by-tick data of covered warrants and their underlying stocks or underlying index futures. Our method is non-parametric and needs no assumptions which are critical to the regression-based methods. We find that the electronically traded warrants do not lead stocks or index futures; the movements in the warrants' quotes provide little information about the quotes of the underlying stocks or index futures. Instead, our analysis shows that the stocks and index futures lead the warrants. Moreover, if all transaction costs are ignored, we can use the movements of underlying assets' quotes to generate profits by trading warrants that are both statistically and economically significant. However, as soon as the bid-ask spread is accounted for, the profits disappear and sizable losses are incurred instead. These findings are consistent with a central tenet of financial economics: arbitraging two intimately related markets for a profit is not possible in the presence of market frictions.

Download or read book The Handbook of Equity Derivatives written by Jack Clark Francis and published by John Wiley & Sons. This book was released on 1999-11-08 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aktienderivate gehören zu den populärsten Derivatprodukten, die von institutionellen Anlegern gehandelt werden. Ein Aktienderivat ist ein Future oder eine Option auf Aktien oder Aktienindices. Zu den traditionellen Aktienderivaten gehören Optionsscheine, Optionen, Futures und Aktienindexfutures. Das "Handbook of Equity" ist eine vollständige und umfassende Überarbeitung des ersten und einzigen Buches zu diesem Thema. Herausgegeben von führenden Köpfen der Branche - darunter Nobelpreisträger Fischer Black, John Braddock und Mark Rubenstein - enthält es wichtige neue Informationen zu Aktienindexfutures und -optionen und erweitert die mathematische Diskussion um das Black & Scholes-Modell. (11/99)

Download or read book Stock Index Options and Futures written by John Millers and published by McGraw-Hill Companies. This book was released on 1992 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Dictionary of Derivatives written by Andrew Inglis-Taylor and published by Springer. This book was released on 1995-03-20 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: The derivatives market has been the fastest growing area of financial activity in the past few years. The pace of product development is fast, with a myriad of new hybrids being developed every year. This best-selling text is ordered in dictionary format, taking each financial instrument, market or related concept and giving an analysis together with diagrams where applicable. It also includes a comprehensive listing of contracts available on the major exchanges. Crucially, tax and accounting guidelines are included, and all appropriate legal documentation, such as the ISDA master agreement on swaps is reproduced in full.

Download or read book Futures Trading Practices Act of 1991 S 207 written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry and published by . This book was released on 1991 with total page 868 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Security Analysis and Portfolio Management 2nd Edition written by Pandian Punithavathy and published by Vikas Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In the current scenario, investing in the stock markets poses a significant challenge even for seasoned professionals. Not surprisingly, many students find the subject Security Analysis and Portfolio Management difficult. This book offers conceptual clarity and in-depth coverage with a student-friendly approach. Targeted at the postgraduate students of management and commerce, it is an attempt to demystify the difficult subject. The book is divided into three parts. Part I explains the Indian stock market; Part II exclusively deals with the different aspects of security analysis; Part III is devoted to portfolio analysis.

Download or read book Financial Engineering written by Charles Errington and published by Springer. This book was released on 2016-07-27 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Engineering is a text with a methodological thread, making it appropriate as a reference text. Risk management and measure and control of volatility is a major theme, but broader financial issues are also covered to provide the reader with a conceptual framework to manipulate and evaluate financial instruments. Errington's text analyses the spectrum of financial engineering including explanations of financial axioms and mathematical techniques with a summary of the instruments and worked examples of how they operate. As well as risk management, arbitrageurs are also catered for, to show how instruments can be valued, deconstructed and repackaged.

Download or read book The Chinese Yuan written by Peter G. Zhang and published by John Wiley & Sons. This book was released on 2011-02-15 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few topics have attracted as much attention worldwide in recent years as the RMB. These debates have gained added urgency in light of the financial crisis and the topic of RMB revaluation is now being actively debated in countries all over the world from Tunisia to the United States. This book explores the ever-changing role of the RMB and the related derivative products. However, it does so from a view that is heavily influenced by the fallout from the financial crisis as well as the in the context of the increasing maturity of the Chinese capital markets. The author has drawn on his experience as a regulator to provide invaluable views, insights and information on RMB derivative products and the development of this market going forward. Key topics include: Overview of current China economy and its capital market In-depth analysis on the China's banking system and foreign exchange system Extensive analysis of on-shore and off-shore financial products in China Explanation of the needs and reasons for RMB products innovation Insights into the internationalization of the RMB Not only will this book leave its readers with a much clearer idea of the structure of China's capital markets but it also gives insights on the market going forward leveraged through Peter Zhang's many years of experience as both a senior banker and through his integral role in the key regulatory authority of the banking sector, the CBRC.

Download or read book FINANCIAL DERIVATIVES written by S. S. S. KUMAR and published by PHI Learning Pvt. Ltd.. This book was released on 2007-01-21 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed as a text for postgraduate students of management, commerce, and financial studies, this compact text clearly explains the subject without the mathematical complexities one comes across in many textbooks. The book deals with derivatives and their pricing, keeping the Indian regulatory and trading environment as the backdrop. What’s more, each product is explained in detail with illustrative examples so as to make it easier for comprehension. The book first introduces the readers to the derivatives market and the quantitative foundations. Then it goes on to give a detailed description of the Forward Agreements, Interest Rate Futures, and Stock Index Futures and Swaps. The text also focuses on Options—Option Pricing, Option Hedging and Option Trading Strategies. It concludes with a discussion on OTC derivatives. KEY FEATURES : The application of each derivative product is illustrated with the help of solved examples. Practice problems are given at the end of each chapter. A detailed glossary, important formulae and major website addresses are included in the book. This book would also be of immense benefit to students pursuing courses in CA, ICWA and CFA.

Download or read book Derivatives written by CFA Institute and published by John Wiley & Sons. This book was released on 2021-11-04 with total page 899 pages. Available in PDF, EPUB and Kindle. Book excerpt: The complete guide to derivatives, from experts working with CFA Institute Derivatives is the definitive guide to derivatives and derivative markets. Written by experts working with CFA Institute, this book is an authoritative reference for students and investment professionals interested in the role of derivatives within comprehensive portfolio management. General discussion of the types of derivatives and their characteristics gives way to detailed examination of each market and its contracts, including forwards, futures, options, and swaps, followed by a look at credit derivative markets and their instruments. The companion workbook (sold separately) provides problems and solutions that align with the text and allows students to test their understanding while facilitating deeper internalization of the material. Derivatives have become essential for effective financial risk management and for creating synthetic exposure to asset classes. This book builds a conceptual framework for grasping derivative fundamentals, with systematic coverage and thorough explanations. Readers will: Understand the different types of derivatives and their characteristics Delve into the various markets and their associated contracts Examine the role of derivatives in portfolio management Learn why derivatives are increasingly fundamental to risk management CFA Institute is the world's premier association for investment professionals, and the governing body for CFA® Program, CIPM® Program, CFA Institute ESG Investing Certificate, and Investment Foundations® Program. Those seeking a deeper understanding of the markets, mechanisms, and use of derivatives will value the level of expertise CFA Institute brings to the discussion, providing a clear, comprehensive resource for students and professionals alike. Whether used alone or in conjunction with the companion workbook, Derivatives offers a complete course in derivatives and their use in investment management.

Download or read book International Guide to Securities Market Indices written by Henry Shilling and published by CRC Press. This book was released on 1996-12-01 with total page 1060 pages. Available in PDF, EPUB and Kindle. Book excerpt: This valuable resource contains descriptive profiles along with historical performance data on 300 of the world's leading global, regional, and local securities market indices and subindices covering 10 asset classes.

Download or read book CFA Level 1 Study Guide 2024 written by MUHAMMAD ZAIN and published by Zain Academy. This book was released on 2024-02-07 with total page 1133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlock Your Potential with the Ultimate CFA Level 1 Study Guide - 2024 Edition by Zain Academy 🌟 Comprehensive Learning Material: Dive into the depths of the CFA Level 1 curriculum with our meticulously crafted study guide. This exceptional resource boasts an impressive collection of 2,116 questioning mind study points and 2,092 true/false questions, each accompanied by detailed explanations. Our guide is your key to understanding complex concepts and mastering the exam material. 📘 Integrated and User-Friendly Format: Access our study guide in a versatile, integrated printable PDF format, tailored for seamless viewing across all screen sizes. Whether you’re studying on a laptop, tablet, or smartphone, our guide adapts to your preferred device, ensuring a comfortable and effective learning experience. 🕒 Unlimited Access, Anytime, Anywhere: We understand the value of flexibility in your study schedule. That’s why we offer unrestricted access to our study materials. Study at your own pace, on your preferred device, without any time limitations. Your journey to success has no bounds with Zain Academy. 📚 Free Sample and Learning Videos: Not sure yet? Try a free sample of our study guide and witness the quality and depth of our content. Plus, enhance your learning with our comprehensive CFA Level 1 learning videos, available for free on YouTube. Visualize success with each lesson! 🙋‍♂️ Personal Support from the Author: Benefit from the direct guidance of Muhammad Zain, the acclaimed author of the study guide. His personal support and mentorship are complimentary until you pass the exams. Connect with him through WhatsApp or Email to ask unlimited questions and receive expert advice tailored to your needs. 📲 Join Our CFA WhatsApp Group: Be a part of our exclusive CFA community. Gain access to valuable articles, blog posts, exam strategies, and insider tips and tricks. Networking with fellow candidates and experts has never been easier. 🏆 Empower Your Exam Preparation: Zain Academy is committed to your success. With our comprehensive guide and unparalleled support, passing the CFA Level 1 Exam on your first attempt is not just a goal, it’s an expectation. Start Your Journey Today - With Zain Academy, Your CFA Success Story Begins Now!

Download or read book Clearing Settlement and Custody written by David Loader and published by Butterworth-Heinemann. This book was released on 2013-09-27 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Four new chapters and updates throughout help this 2e of Clearing, Settlement and Custody summarize worldwide changes in the process of concluding a financial transaction. Noted consultant David Loader provides a highly detailed analysis of the central clearing counterparty concept, the drivers behind it, and its effects on operations teams. He also clearly illustrates the life cycle of a series of transactions to broaden the comparison process. Emphasizing changes in the regulatory environment stemming from the 2008 market crash and liquidity crisis, this edition uses new case studies and end-of-chapter quizzes to explore the transaction value chain of trading, clearing, settlement, and custody. Students and professionals in the financial field will benefit from the book's description of the industry and the details of financial innovation and regulatory response, with their many implications. - Supplements theoretical insights about risk with empirical data from current cases - Provides the first algorithmic risk management technique that spans multiple asset classes - End-of-chapter questions reinforce primary and secondary points

Download or read book Mutual Funds Guide written by Commerce Clearing House and published by . This book was released on 1969 with total page 1460 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book CFA Exam Review Complete Set 2024 written by MUHAMMAD ZAIN and published by Zain Academy. This book was released on 2024-06-03 with total page 999 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlock Your Path to CFA Success with Zain Academy's Complete Exam Review Set 2024! Are you ready to conquer the CFA exams on your first attempt? Look no further! Zain Academy's CFA Exam Review Complete Set 2024 offers everything you need to succeed, now available at an unbeatable 35% discount. Why Choose Zain Academy? Comprehensive Study Material: - 5,068 Questioning Mind Study Points - 4,606 True/False Questions - 4,624 Multiple Choice Questions with detailed explanations for every answer choice. Integrated, User-Friendly Format: - Available in printable PDF format, optimized for all screen sizes. - Unlimited access with no time or device restrictions. Study whenever, wherever! Exclusive Free Resources: - Access a free sample of our study material and experience the quality firsthand. - CFA Learning Videos are live on our YouTube channel, providing visual and interactive learning support. Personalized Support: - Direct access to Muhammad Zain, the author, for personal guidance and support until you pass your exams. - Unlimited queries answered through WhatsApp or Email to ensure you understand every concept thoroughly. Community and Networking: - Join our CFA WhatsApp Group for access to articles, blog posts, tips, tricks, and peer support. Proven Success: - Zain Academy boasts a 90% success rate among global candidates. Join the ranks of successful CFA charterholders who have trusted Zain Academy. Don't Miss Out! Transform your CFA exam preparation with Zain Academy's expertly crafted resources and personalized support. Buy now from our website and take the first step towards achieving your CFA designation with confidence. Visit our website today and claim your 35% discount! Zain Academy – Your Partner in CFA Exam Success!

Download or read book Derivatives Workbook written by CFA Institute and published by John Wiley & Sons. This book was released on 2021-11-04 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hands-on practice with derivatives and derivative markets based on real-world scenarios Derivatives Workbook provides the key component of effective learning—practice. Designed for both students and investment professionals, this companion workbook conveniently aligns with the Derivatives text chapter-by-chapter, offers brief chapter summaries to refresh your memory on key points before you begin working, and explicitly lays out the learning objectives so you understand the “why” of each problem. This workbook helps you: Synthesize essential material from the Derivatives text using real-world applications Understand the different types of derivatives and their characteristics Delve into the various markets and their associated contracts Examine the role of derivatives in portfolio management Learn why derivatives are increasingly fundamental to risk management CFA Institute is the world's premier association for investment professionals, and the governing body for CFA® Program, CIPM® Program, CFA Institute ESG Investing Certificate, and Investment Foundations® Program. Those seeking a deeper understanding of the markets, mechanisms, and use of derivatives will value the level of expertise CFA Institute brings to the discussion as well as the extra practice delivered in Derivatives Workbook based on real scenarios investors face every day.

Download or read book The Handbook of International Financial Terms written by Peter Moles and published by OUP Oxford. This book was released on 1997-03-06 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook aims to be the most comprehensive and up to date reference book available to those who are involved or could be involved in the world of finance. The financial world has a capacity for ingenious innovation and this extends to the often bewildering array and use of terms. Here you can find out what a Circus, a Firewall, an Amazon Bond, a Clean Float, a Cocktail Swap, a Butterfly, a Streaker, a Straddle and a Strangle are. As well as defining terms, the book also shows how they are used differently in different markets and countries. It also has numerous examples showing clearly the use of particular calculations and instruments; and provides details of major markets, acronyms and currencies. Reflecting the development of global financial markets this Handbook will have broad appeal around the world. It will be a reliable guide for practitioners, and those in the related professions of accounting, law and management. At the same time it will be an invaluable companion for advanced students of finance, accounting and business.