<P>john hull 的《期权期货与衍生证券》第四版的原装课件。<BR><BR>Extension of the Theoretical Frameworkfor Pricing Derivatives; Martingales and Measures<BR><BR>Derivatives Markets<BR>Exchange Traded<BR>standard products<BR>trading floor or computer trading<BR>virtually no credit risk<BR>Over-the-Counter<BR>non-standard products<BR>telephone market<BR>some credit risk</P>
<P>john hull的《期权期货与衍生证券》（第五版）的原书课件<BR><BR>Derivatives Markets<BR>Exchange traded<BR>Traditionally exchanges have used the open-outcry system, but increasingly they are switching to electronic trading<BR>Contracts are standard there is virtually no credit risk<BR>Over-the-counter (OTC)<BR>A computer- and telephone-linked network of dealers at financial institutions, corporations, and fund managers<BR>Contracts can be non-standard and there is some small amount of credit risk<BR><BR>Ways Derivatives are Used<BR>Chicago Board Options Exchange<BR>American Stock Exchange<BR>Philadelphia Stock Exchange<BR>Pacific Stock Exchange<BR>European Options Exchange<BR>Australian Options Market<BR>and many more (see list at end of book) <BR><BR></P>
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