A no good option

Updated: Nov 20 2005, 06:51am hrs
This book is mainly intended for management students, financial market practitioners and investors. It covers from basic concepts of derivatives to advanced concepts. The author should have explained basic concepts better as management students and investors do not always have a background in finance.

Even in the introductory chapter, it is assumed that the readers are familiar with terms like FMC (Forward Market Commission), MCX (Multi Commodity Exchange of India) etc. Examples are not explained in depth nor have questions been well framed.

The author does well to give space to specific derivatives stock index futures, short-term interest rate futures and currency options. The genesis of the Indian market for derivatives has been explained in detail. There is a section on tax treat- ment and management of derivative exposure.

However, the standout feature of the book is the shoddy editing with multiple bloomers on every page.

SL Gupta; Prentice-Hall; Rs 375; Pp 616