Commodity derivatives: markets and applications /

"Commodities and commodity derivatives are one of the foundations stones of today's financial markets. The derivatives market is estimated to be worth more than $1.2 quadrillion, with the trade in derivatives dwarfing the trade in the actual underlying physical commodities. Using structure...

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Bibliographic Details
Main Authors: Schofield, Neil C.
Corporate Authors: Wiley Online Library (Online service); John Wiley & Sons.
Published: Wiley,
Publisher Address: Chichester, West Sussex :
Publication Dates: 2021.
Literature type: eBook
Language: English
Edition: Second edition.
Series: Wiley finance series
Subjects:
Online Access: https://onlinelibrary.wiley.com/doi/book/10.1002/9781119349242
Summary: "Commodities and commodity derivatives are one of the foundations stones of today's financial markets. The derivatives market is estimated to be worth more than $1.2 quadrillion, with the trade in derivatives dwarfing the trade in the actual underlying physical commodities. Using structures unique to the individual market, each chapter includes an explanation of the commodity and an analysis of its physical market, discussion on the typical patterns of demand and supply and the main factors that will influence the price of the commodity and the main products. Each chapter focuses on how the products could be used along the physical supply chain and seeks to identify the main market risks and how they can be hedged. This expanded edition includes coverage of: theories of price formation, OIS valuation, spread options, options smiles and skews, gold, steel and iron-ore, project finance, crude logistics, refined crude products, US electricity market, dry freight, climate change, price drivers of emissions trading, EU ETS, agricultural markets, ethanol, ETFs, index structures and more"--
Item Description: Description based on print version record.
Place of publication from CIP data view.
Carrier Form: 1 online resource (xiii, 530 pages) : illustrations.
Also available in print.
Bibliography: Includes bibliographical references and index.
ISBN: 9781119349242 (electronic bk.)
9781119349105
Index Number: HG6024
CLC: F830.93