Meet the 9th updated and revised American edition! The "bible" of futures and options markets – used as a core academic text in dozens of universities around the world – in this revised and updated ninth American edition includes many new features, such as:

• Significant revision of the chapter on swap agreements, with improved presentation of the material to reflect recent developments in the market.

• Detailed examination of new regulations concerning the trading and clearing of over-the-counter derivatives.

• Additional material on swap rate agreements and the use of swap rates as benchmarks for zero-risk interest rates in the valuation of derivatives.

• Extensive presentation on how to calculate and use Greek parameters.

• Deeper analysis of the measure of expected loss due to its increasing importance.

• New edition of the widely recognized DerivaGem software.

John Hull is a Professor of Derivatives & Risk Management, holder of the Maple Financial Group Chair at the Joseph L. Rotman School of Management at the University of Toronto. He is an internationally recognized authority on derivatives and risk management, with numerous publications and work primarily focused on applied research. He has served as a consultant to many North American, Japanese, and European financial institutions and has been honored with several teaching awards, including the prestigious Northrop Frye Award from the University of Toronto. In 1999, he was voted Financial Engineer of the Year by the International Association of Financial Engineers.