Since the 1980s, the financial world has worked with an enormous proliferation of new financial techniques and instruments, creating enormous opportunities, and of course staggering risks. This book provides updated instruction and expert guidance through all the new financial instruments available to traders, hedgers, speculators, fund managers, and corporate professionals. Financial expert Julian Walmsley shows readers how to use futures as hedging tools, create synthetic securities with interest rates and currency swaps, value options, use FRN valuation formulas, securitization, and more.
