Thomson Derivatives and Risk Management Directory 1999

The volume of futures and options contracts traded on the world’s derivatives exchanges in 1998 amounted to £2.2bn with most of the main markets recording impressive growth in business. Derivatives are risk‐shifting devices. Properly used, they can provide great benefit. If they are mishandled, the results can be catastrophic as was seen when Leeson brought Barings to its knees. The Thomson Derivatives and Risk Management Directory claims to be “the most comprehensive and reliable guide to this most changeable of industries”. It presents a wealth of information on the derivatives and risk management industry throughout the world.

The directory is...