Adopting a financial and trading perspective rather than an economist's viewpoint, this book examines integration across and within the four product types: equities, debt securities, derivatives, and foreign exchange. It emphasises on market microstructure and studies prices, risks, and transaction costs of the four product types.

This book concentrates on key principles that financial professionals, MBAs, and advanced undergraduates - regardless of geography - need to know. Adopting a financial and trading perspective rather than an economist's viewpoint, the book examines integration across and within all four product types: equities, debt securities, derivatives, and foreign exchange. With an emphasis on market microstructure, the book studies prices, risks, and transaction costs of the four product types.

List of FiguresList of TablesPrefaceAcknowledgments1. Financial markets and their Products. 2. Secondary Markets. 3. Transaction Costs. 4. Clearing and Settlement. 5. Regulation. 6. Equities. 7. Debt Securities. 8. Debt Securities. Theoretical Considerations. 9. International Parity Relationships10. Foreign Exchange. 11. Markowitz and the Capital Asset Pricing Model. 12. Futures. 13. Options. 14. Swaps. 15. Hedging. Index of Names. Index of Subjects.