- Paperback: 492 pages
- Publisher: Apress; 1st ed. edition (September 20, 2014)
- Language: English
- ISBN-10: 1430262745
- ISBN-13: 978-1430262749
- Product Dimensions: 6 x 1.1 x 9 inches
- Shipping Weight: 1.5 pounds (View shipping rates and policies)
- Average Customer Review: 9 customer reviews
- Amazon Best Sellers Rank: #1,286,452 in Books (See Top 100 in Books)
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Managing Derivatives Contracts: A Guide to Derivatives Market Structure, Contract Life Cycle, Operations, and Systems 1st ed. Edition
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About the Author
Khader Shaik is a senior consultant in the derivatives systems group of a large buy-side firm in New York, building derivatives collateral management system and enhancing systems to support compliance with Dodd-Frank regulations. He has more than 15 years of experience building systems for managing securities and derivatives life cycle, order management, trading, and risk for investment banks and buy-side firms including Citigroup, JPMorgan Chase, Merrill Lynch, Salomon SmithBarney, Bank of Tokyo-Mitsubishi UFJ, and AEGON. He developed commercial software products for financial startups and cofounded a consulting firm specilizingin in derivatives technology solutions and training services. Shaik holds a bachelor's degree in computer science and engineering from Bangalore University and is certified in quantitative finance (CQF) from Fitch Learning.
Top customer reviews
Derivatives contracts are complex. Contracts are long living and too many moving parts. There are players involved in derivatives market. Add to that, it is scattered in many segments. This book has done a great job bringing all those pieces together. This is a good source for someone to understand all that without spending life on google.
Unlike other books on derivatives, it is not about derivatives pricing or risk management. As its title says - it covers derivatives market structure including different segments - listed, cleared, otc; nicely presented summary of various types of contracts; life cycle of various types of derivatives contracts. Not to forget, it explains various systems that you hear day in and day out at work.
Overall, I recommend this book for all entering into derivatives world and others already are working and want to feel confident.
in the areas of derivatives support and application devleopment for around five years. It took so
long to learn certain things. I wish I had this book when I started. This book has very nicely
divided into four parts covering different aspects. If you are totally new start from part-1 that
gives very good overall veiw of the derivatives market.
Part - 2 is must know for everyone. I knew lot of stuff but vaguely and never confident. This part
clears up each player their role precisely.
Part - 3 is an indepth life cycle, that I never found elsewhere. Whether you are in front office,
middle office or in systems, it really helps if you know what happens from begining to end. This
part has clearly seggregated derivatives into multiple categories and explains each type of
Well, part - 4, if you want to know all systems behind the derivatives business this is it. First
two chapters of this part clearly lists all applications and thier role very nicely. Although, it
may vary from firm to firm it is very useful information.
Bottomline, its a no nonsense book with lot of illustrations and very precise. Its worth the price,
read and keep on your desk.
The book doesn't go explaining in details how an FX forward or Interest Rate Swap calculations work. It's not the intention of the book, but it goes explaining the life cycle of Swap contracts: what novation, partial termination, termination etc mean for each one of the products. It also goes explaining the recent reforms (Dodd frank etc) in context and also the basic what is and what are the differences between a prime broker and execution broker. What iFront/Back/Middle Office are etc.
If you wanna book similar to this one to know the calculations of the contracts them go with Derivative Contracts Demystified or Mastering Financial Calculations. Another one that is a blend of this book and the other two is Kuznetsov's book The Complete Guide to Capital Markets for Quantitative Professionals. These books are the ones you should have on your desk learning and reference. After this, you can read Hull's book.
The best part is – very detailed chapters on life cycle of each product category (listed, OTC bilateral, OTC cleared, Swaps, Futures, Options, Credit) explaining important aspects including Pre-trade, Post-trade, Confirmation, Clearing, Events, Collateral management, Settlement, and Payment flows. This is something unique about this book.
By reading this book, I could extend my knowledge of Derivatives, got better understanding of Derivatives contract life cycle and better understanding of overall Derivatives market.
I would highly recommend this book for people who are working in Derivatives field, especially in IT and Derivatives support. It can be very handy and a good reference.