As the"Golden age"of the development history of finance, 1970s is a brand new era. From that time, numerous amazing financial derivatives, such as futures, options, swaps entered people's vision quickly. Flexible and useful qualities enabled them to become the stars in financial markets, the astronomical contracts numbers are powerful evidence. They appeared in risk management,asset allocation and almost every corner of financial markets. Combination of modern financial engineering theory and practical finance activities produces unimaginable power. Innovation is no more difficult after taking consideration of derivatives. Undoubtedly, financial derivatives will still act as the superstar in the long run.Since the introduction of financial futures and options during the 1970s, the effect of financial derivatives trading on the underlying spot... |