Books of Account
Futures and Options
Sunil K. Parameswaran
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.