投资银行学(第09章)概要.pptxVIP

重要的金融工程工具 —— 衍生证券介绍远期期货互换期权其它Futures options Swaptions ……Forward Contracts (or Forwards)Futures Contracts (or Futures)SwapsOptionsTypes of TradersHedgers（套期保值者） Hedgers are interested in reducing a risk that they already face.Speculators （投机者） Whereas hedgers want to eliminate an exposure to moments in the price of an asset, speculators wish to take a position in the market. They are betting that the price will go up or down.Arbitrageurs（套利者） Arbitrage is a type of transaction in which an investor seeks to profit when the same good sells for different price. Arbitrage involves locking in a ri