(BQ) Part 2 book "Financial markets and institutions" has contents: Financial futures markets, option markets, swap markets, foreign exchange derivative markets, foreign exchange derivative markets, bank management, bank performance, mutual fund operations,.and other contents. | PART 5 Derivative Security Markets Derivatives are financial contracts whose values are derived from the values of underlying assets. They are widely used to speculate on future expectations or to reduce a security portfolio’s risk. The chapters in Part 5 focus on derivative security markets, and each explains how institutional portfolio managers and speculators use them. Many financial market participants simultaneously use all these markets, as is emphasized throughout the chapters. Futures Markets (Chapter 13) Hedging Security Portfolios against Risk Speculation in Futures Options Markets (Chapter 14) Speculation in Options Speculators Swap Markets (Chapter 15) Institutional Portfolio Managers International Securities Transactions Speculation in Swaps Foreign Exchange Derivative Markets (Chapter 16) Speculation in Currencies 341 Copyright 201 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Copyright 201 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. 13 Financial Futures Markets CHAPTER OBJECTIVES The specific objectives of this chapter are to: ■ provide a background on financial .
