publication . Preprint . 1995

Using financial futures in trading and risk management

Mas, Ignacio; Saa-Requejo, Jesus;
Open Access
  • Published: 31 Mar 1995
Abstract
The authors explain the features of an array of futures contracts and their basic pricing relationships and describe a few applications to show how investors and risk managers can use these contracts. Futures - and derivatives generally - allow economic agents to fine-tune the structure of their assets and liabilities to suit their risk preferences and market expectations. Futures are not a financing or investment vehicle per se, but a tool for transferring price risks associated with fluctuations in asset values. Some may use them to spread risk, others to take on risk. Financial futures (along with options) are best viewed as building blocks. Futures have faci...
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Subjects
free text keywords: Payment Systems&Infrastructure,Economic Theory&Research,International Terrorism&Counterterrorism,Banks&Banking Reform,Securities Markets Policy&Regulation,Commodities,Banks&Banking Reform,International Terrorism&Counterterrorism,Non Bank Financial Institutions,Economic Theory&Research
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Research Papers in Economics
Preprint . 1995
Provider: Research Papers in Economics
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