Download or read book Foreign Exchange Options written by Alan Hicks and published by Elsevier. This book was released on 1998-05-29 with total page 555 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the first edition of Foreign Exchange Options in 1993, trading in foreign exchange options has undergone rapid expansion and now accounts for a daily turnover of some $100 billion world-wide. This revised and expanded second edition takes into account recent changes in both market practice and regulatory requirements and contains many new explanatory diagrams and practical examples.As with the first edition, the emphasis is on practicality, taking the reader through the basics, clarifying jargon when and where appropriate. This book will be invaluable for accountants, auditors, experienced practitioners and those entering the world of currency options for the first time. - The benefits of using options to hedge foreign exchange risk - Detailed examination of both the OTC market and the main exchange listing - Specific coverage of pricing, trading risk and market practice