What are derivatives?
Derivatives are financial instruments whose returns are derived from those of other instruments, ie. their performance depends on how other financial instruments perform.
This topic serves to explain the different types of financial derivatives and the markets on which they are traded.
Learning Objectives
- Understand the nature of options
- Describe the history of options trading
- Understand the reasons for their use and who use them
- Understand basic options terminology
- Underatnd the mechanics of the options market
