Guide to Financial Markets

Recent market turbulence makes it abundantly clear how important it is to understand the key markets. This book is the definitive guide to why different markets exist, how they operate, and how they are interrelated.

Extensively revised and updated, the new Fifth Edition of Guide to Financial Markets brings the reader up to date with the latest developments in financial instruments and provides a clear and incisive guide to this increasingly complex world.

With chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, futures, options, and other derivatives, this new edition looks at why these markets exist, how they work, and who trades in them, and provides a rundown of the factors that affect prices and rates.