From the Author
This primer sets out to give a clear understanding of how the market functions, giving practical guidance to all the main products, techniques used, and to the every day jargon used by market participants, especially when it comes to pricing options. The key features are the examples, diagrams, glossaries, clear explanation of the technicalities which are an essential part of the market and the everyday language in which it has been written. This comprehensive study is for anyone involved or wanting to become involved in the currency options market.
The whole purpose of the primer has been to keep each chapter concise, while still explaining all the essential and necessary components and concepts needed to fully understand the everyday workings of this particular sector of the financial markets.
From the Back Cover
To counteract this worldwide market volatility, currency options were developed as an alternative risk management tool to the spot and forward foreign exchange market, and owe their existence to the demands of foreign exchange users for alternative hedging and exposure management techniques.
This essentially practical book gives a thorough and comprehensive guide to currency options, with clear explanations of the technicalities. It should become recommended reading for many business courses, and will be of interest to new recruits and junior members in investment and merchant banks; to Forex specialist firms; to Treasury institutions; and to investors who require a quick guide within a trading and sales environment.