The World Scientific Handbook of Futures Markets serves as a
definitive source for comprehensive and accessible information in
futures markets. The emphasis is on the unique characteristics of
futures markets that make them worthy of a special volume. In our
judgment, futures markets are currently undergoing remarkable
changes as trading is shifting from open outcry to electronic and
as the traditional functions of hedging and speculation are
extended to include futures as an alternative investment vehicle in
traditional portfolios. The unique feature of this volume is the
selection of five classic papers that lay the foundations of the
futures markets and the invitation to the leading academics who do
work in the area to write critical surveys in a dozen important
topics.
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