Stock Index Futures

The global value of trading in index futures is about $20 trillion per year and rising and for many countries the value traded is similar to that traded on their stock markets. This book describes how index futures markets work and clearly summarises the substantial body of international empirical evidence relating to these markets. Using the concepts and tools of finance, the book also provides a comprehensive description of the economic forces that underlie trading in index futures. Stock Index Futures 3/e contains many teaching and learning aids including numerous examples, a glossary, essay questions, comprehensive references, and a detailed subject index. Written primarily for advanced undergraduate and postgraduate students, this text will also be useful to researchers and market participants who want to gain a better understanding of these markets.'The third edition of Stock Index Futures provides an excellent summary of futures trading, arbitrage and pricing in financial markets and is applicable at every level for students of finance. It is comprehensive and well structured, and is highly recommended.' Professor Paul Mizen, Co-Director, ExCEM, University of Nottingham, UK 'This book is truly unique as an outstandingly comprehensive blend of academic precision, state-of-the-art empirical research, and the practical realities of the real world. It is the only stand-alone book on this important subject that I unequivocally recommend to scholars and students of finance, practitioners and regulators.' Professor Pradeep Yadav, University of Oklahoma, USA