Now in its sixth edition, Understanding Futures Markets by Robert Kolb (University of Colorado) and James Overdahl (Chief Economist of the Commodity Futures Trading Commission) provides the most comprehensive coverage of futures markets available. This new edition features updated and enhanced discussions on:

event markets, proposition markets, weather futures, and macro futures
globalization of futures markets
electronic trading platforms and the rise of electronic trading
manipulation of futures markets and methods of deterrence
The Commodity Futures Modernization Act of 2000 and its effect on market regulation
hedging in a corporate environment
uses of futures by government entities
energy futures products
recent fiascos involving energy futures and related derivatives
single stock futures products and narrow-based stock index futures
accounting and taxation features of futures markets.

Clearly written and accessible, this is the authoritative text for students and practitioners alike looking for an in-depth treatment of futures markets.