Covers the trading and pricing of a wide array of derivative securities including financial options, futures, forwards, and swaps. The topics covered include that operation of derivatives markets, trading strategies of derivatives, the payoff and valuation of divertive securities, the theory and approaches of derivative pricing. The course will also cover the economic role of derivatives and their use in managing risks such as currency risk, interest rate risk, market risk, commodity risk, and general business risks.

Pre-requisites: FIN510 Or FIN540