20762 Derivatives and Risk Management

Description

Derivative securities play an important role in current financial markets. This subject provides students with a broad understanding of derivative securities evaluation and how derivative securities can be used for trading and risk management applications. Students learn the fundamentals of derivatives pricing, trading and hedging and develop essential analytical skills by evaluating positions in futures, forwards and options contracts, by assessing and managing risks of derivatives portfolios and by analysing trading strategies and the role of derivatives as risk-transferring devices. The subject also emphasises the considerations and the issues arising in practice with derivatives trading and hedging applications.