KEY BENEFIT: Fundamentals of Futures and Options Markets covers much of the same material as Hull's acclaimed title, Options, Futures, and Other Derivatives. However, this text simplifies the language for a less mathematically sophisticated audience. The Ninth Edition of Fundamentals of Futures and Options Markets offers a wide audience a sound and easy-to-grasp introduction into financial mathematics. KEY TOPICS: Introduction; Futures markets and central counterparties; Hedging strategies using futures; Interest rates; Determination of forward and futures prices; Interest rate futures; Swaps; Securitization and the credit crisis of 2007; Mechanics of options markets; Properties of stock options; Trading strategies involving options; Introduction to binomial trees; Valuing stock options: the Black-Scholes-Merton model; Employee stock options; Options on stock indices and currencies; Futures options and Black's model; The Greek letters; Binomial trees in practice; Volatility smiles; Value at risk and expected shortfall; Interest rate options; Exotic options and other nonstandard products; Credit derivatives; Weather, energy, and insurance derivatives; Derivatives mishaps and what we can learn from them MARKET: For anyone interested in Futures and Options Markets.