本书对金融衍生产品市场中的期权和期货的基本理论进行了深入系统的阐述，提供了大量的业界事例。本书主要论述了期货市场的运作机制、采用期货的对冲策略、远期及期货价格的确定、期权市场的运作过程、股票期权的性质、期权交易策略、布莱克-斯科尔斯-默顿模型、希腊值及其应用、波动率微笑、风险价值度、特种期权及其他非标准产品、信用衍生产品、气候和能源以及保险衍生产品等。本书巧妙地避免了复杂的微积分计算，又不失理论的严谨性，给没有受过金融数学训练的许多金融从业人员提供了很好的指导。

[加]约翰·赫尔,约翰·赫尔(John Hull)衍生产品及风险管理教授，约翰·赫尔教授在衍生产品以及风险管理领域享有盛名，他的研究领域包括信用风险、经理股票期权、波动率曲面、市场风险以及利率衍生产品。他和艾伦·怀特教授研发出HullWhite利率模型荣NikkoLOR大奖。他曾为北美、日本以及欧洲多家金融机构提供金融咨询。

Preface I was originally persuaded to write this book by colleagues who liked my book Options, Futures, and Other Derivatives, but found the material a little too advanced for their students. Fundamentals of Futures and Options Markets covers some of the same ground as Options, Futures, and Other Derivatives, but in a way that readers who have had limited training in mathematics .nd easier to understand. One important di.erence between the two books is that there is no calculus in this book. Fundamentals is suitable for undergraduate and graduate elective courses o.ered by business, economics, and other faculties. In addition, many practitioners who want to improve their under-standing of ...