Monday, December 14, 2009

The basics of the financial products

Books of Account
Futures and Options
Sunil K. Parameswaran
( http://www.tatamcgrawhill.com/)

Understanding financial derivatives

A key factor in the development of derivatives exchanges has been the rapid growth of IT (information technology) and telecommunications, observes Sunil K. Parameswaran in Futures and Options: Concepts and applications. From streamlining backend operations in the exchanges and brokerage houses to facilitating stock index arbitrage, computers have played a pivotal role in the growth of these markets, he adds.

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