This subject focuses on derivative products and markets; an area which has grown in size over the past century, with the value of derivatives exposures now dwarfing that of stock and bond exposures. The subject examines market structure, participants and the products used for managing risk and/or trading for profit. Students analyse, price and trade forwards, futures, swaps and options. The subject examines key markets for these contracts including derivative exposures over equities, interest rates, foreign exchange and commodities. For more information, please refer to the subject outline.