BME publishes a new book as part of its Studies & Research collection
BME publishes a new book as part of its Studies & Research collection : “Opciones Y Futuros De Renta Variable: Manual Práctico”
Santiago Fernández Valbuena, Chairman of Telefónica Latin America, states in the book’s foreword: “this book will allow beginners to catch up quickly and efficiently with developments in the derivatives industry”
Opciones y Futuros de Renta Variable, Manual Práctico is the title of a new book published by BME as part of its Studies & Research Collection – a complete guide to Derivatives products which will provide the reader with the necessary knowledge to use options and futures in different hedging and arbitraging strategies.
“The book has been written building upon the teaching experience and practical approach that we have used in Instituto BME over the last 20 years, which makes it the most specific handbook in the market. We have devoted over 300 pages to explaining theoretical concepts while at the same time offering examples and case studies about hedging and strategies based on equity options and futures, and that is its main contribution”, said the book’s author and Instituto BME teacher, Enrique Castellanos.
The handbook deals with such issues as how to hedge equity positions or portfolios during a period of uncertainty and how to generate a return on a security if it is expected to decrease in value. It unveils the secrets to investing in equity options and futures.
Santiago Fernández Valbuena, Chairman of Telefónica Latin America, states in the foreword: “contrary to what one often hears and reads, Derivatives products do not generate social gains and losses, but a transfer of risk profiles” and adds: “Derivatives are just that, derivatives from a main product or asset, therefore as such they are not better or worse than the assets they are linked to”.
Fernando Centelles, Managing Director, MEFF, stresses in the book’s introduction “the great boost these products give the markets” and adds that “today investors enjoy liquid markets which are strictly regulated and which operate under unprecedented credit, technological and legal certainty”.