DER 01 Contracts and contract markets

Explains why derivatives contracts exist, and the evolution of over-the-counter and exchange-traded derivatives contracts markets.

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• Required reading

  • Whaley 2006, Ch. 1, Derivatives contracts and markets

  • Bank for International Settlements, BIS Statistical Explorer

  • ISDA 2019, Legal guidelines for smart derivatives contracts

  • Disaggregated COT report

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• Lecture notes

  • Slides

  • Supporting files​

    • Breakdown of open interest.xlsx

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