Introduction to Derivatives and Risk Management

The book delivers detailed coverage of options, futures, forwards, swaps, and risk management as well as a balanced introduction to pricing, trading, and strategy. New “Taking Risk in Life” features illustrate the application of risk management in real-world financial decisions. In addition, the financial information throughout the Tenth Edition reflects the most recent changes in the derivatives market–one of the most volatile sectors in the financial world. The 11th edition is due out in early 2026.