Foreword by Craig Donohue.
In Escape from the Pits, Leo Melamed covers the revolutionary developments in futures markets since his previous book and details the challenge in the transformation of futures from their open outcry birth to an electronic future, as well as the technological and global issues surrounding financial markets. Throughout, he discusses the values to companies and countries of a market that can hedge almost any risk, and the resulting benefits to the standard of living of peoples all over the world. He also examines how financial futures have allowed investors to manage generalized risks to both reduce exposure or enhance value for themselves and capture increased profits. Along the way, readers will become familiar with the trends, technology, and products that have shaped the world of futures and options, and discover what's to come in the market.
