Mastering Foreign Exchange and Currency Options

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Mastering Foreign Exchange and Currency Options

A Practical Guide to the New Marketplace
By: Francesca Taylor

Normal price: 70
Our price: 59.5 + postage
Bargain: save £10.5 !

Product code: 16029
ISBN: 0273662953
256 pages
Format: Pb
Published by: FT Prentice Hall, 2003, 2nd edition
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Description of Mastering Foreign Exchange and Currency Options
The last ten years have seen a revolution in the global foreign exchange markets. It is no longer enough for banks and their corporate customers to arrange their currency hedging and trading on an active and commercial basis. It is now vital to understand how new technology has impacted the market.

The author fully examines key initiatives such as e-forex, TWIST and CLS and the new option to trade FX outside the banking markets, making this book an essential tool for all who need to keep up with this fast changing market. Eleven of the twenty-one chapters are written by guest practitioners who provide a unique insight into the forex market.

This important new edition of Mastering Foreign Exchange & Currency Options will enable you to get your currency dealing right. It is the essential handbook for any player in the forex market. It is written for new entrants seeking to master the fast developing world of forex trading and seasoned professionals needing to keep informed of the latest developments in this sector. With the introduction of new technology this is often seen as a daunting topic to get to grips with.

Both hedgers seeking to remove or manage their currency risk and speculators seeking to take currency risk in the hope of making profit will benefit from this book. The advent of more sophisticated currency derivatives has also raised the stakes.

This book contains practical guidance on:

- Currency classifications
- History and economics of forex
- Technology and the markets
- Mechanics of spot forex and forward forex
- Emerging market foreign exchange
- Forex trading for the individual investor
- Currency risk management
- Background, development and mechanics of currency options
- Exotic options and transparency
- Innovations in e-foreign exchange
- Multi-bank electronic trading
- Electronic procurement of fx: the corporate perspectives
- TWIST
- Technical Analysis
- Continuous linked settlement (CLS)

Mastering Foreign Exchange and Currency Options - Chapter headings
1. Historical Perspective
2. Background and Development of the FX Market
3. Currency Classifications
4. Economics of Foreign Exchange
5. The last 10 years: developments in FX - a brokers perspective - EBS
6. Technology and the Markets- MoneyLine Telerate
7. Mechanics of Spot Foreign Exchange
8. Mechanics of Forward Foreign Exchange
9. Emerging Market Foreign Exchange - HSBC
10. FX trading for the individual investor– IG Markets
11. Currency Risk Management
12. Background and Development of Currency Options
13. Mechanics of Currency Options
14. Exotic Options–the way to transparency - Superderivatives
15. e-Foreign Exchange
16. Mutli-bank electronic trading - Currenex
17. Innovations in e-forex - Citigroup
18. Electronic Procurement of FX - the corporate perspective - LogicaCMG
19. TWIST - Tom Buschman, Shell
20. Technical Analysis
21. Continuous Linked Settlement - CLS

Appendices
1. Central Bank Contributors to the 2001 survey
2. Black and Scholes option pricing formula
3. Non-Investment Products - Code of Conduct

Authobiography of Francesca Taylor
Francesca Taylor is the principal of Taylor Associates, one of the City’s leading financial training companies, specializing in derivatives, capital markets, risk and treasury training. She has personally trained in major UK and international corporations, American, European and UK banks and derivatives houses.

Francesca's career began with BICC plc where she learned her basic treasury, FX and money market skills - from the client's perspective. She then joined Midland Bank and became team leader in the Financial Engineering Group. She spent 12 months with Midland Futures, broking financial futures to a range of major financial institutions. In addition, it was Francesca's responsibility to educate and train Midland's client base in the uses and applications of a growing number of derivative products.

Francesca then became an interbank swap broker and a treasury consultant advising her clients on all aspects of currency and interest rate risk management. During her career Francesca has followed each of the four major areas within banking and finance. She has been a corporate, a banker, a broker and a consultant, leading her to be ideally placed to offer independent training and product education to clients.

Her company, Taylor Associates, has been highly successful and now offers a wide range of treasury, risk, general finance and complementary soft-skills courses to banks and non-banks alike. Francesca works closely with banks, corporations and the ACI, and has spoken at major conferences in the UK, the US, Hong Kong, Singapore, Malaysia and Australia foreign exchange & currency options.

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