Futures and Options Markets

  1. Futures Trading Mechanics
    1. Role of Clearing Houses
      1. Novation Process
        1. Guarantee Function
          1. Risk Management
            1. Default Procedures
              1. Member Requirements
              2. Margin System
                1. Initial Margin
                  1. Calculation Methods
                    1. SPAN System
                    2. Maintenance Margin
                      1. Minimum Requirements
                        1. Margin Call Triggers
                        2. Variation Margin
                          1. Daily Settlement
                            1. Cash Flow Impact
                            2. Margin Call Process
                              1. Notification Procedures
                                1. Response Requirements
                                  1. Consequences of Non-Compliance
                                2. Daily Settlement Process
                                  1. Marking to Market
                                    1. Settlement Price Determination
                                      1. Margin Account Adjustments
                                        1. Cash Flow Implications
                                        2. Order Types and Execution
                                          1. Market Orders
                                            1. Limit Orders
                                              1. Stop Orders
                                                1. Stop-Limit Orders
                                                  1. Good-Till-Canceled Orders
                                                    1. Fill-or-Kill Orders
                                                      1. Electronic Trading Systems
                                                      2. Contract Settlement Methods
                                                        1. Physical Delivery
                                                          1. Delivery Process
                                                            1. Delivery Notice
                                                              1. Delivery Locations
                                                                1. Quality Specifications
                                                                2. Cash Settlement
                                                                  1. Final Settlement Price
                                                                    1. Index-Based Settlement
                                                                      1. Advantages and Applications

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                                                                  2. Futures Markets Fundamentals

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                                                                  4. Futures Pricing Theory