The Post-Reform Guide to Derivatives and Futures

Praise For The Post-Reform Guide to Derivatives and Futures

"This timely guide provides practitioners and policymakers alike with a comprehensive history and technical understanding of the financial crisis of 2008 and the role derivatives played in that event. With Gordon Peery's extensive experience in derivatives, he is able to both inform and sometimes challenge the reader regarding the policies and regulations resulting from the crisis. A worthy read for anyone practicing in this field and beyond."
—Walt Lukken, CEO of New York Portfolio Clearing and former Acting Chairman of the U.S. Commodity Futures Trading Commission

"Gordon Peery is at his best in this concise, organized, and thoughtful reflection on derivatives use and the market's adaptation to the post-Dodd-Frank world. Speaking in a conversational tone, he brings clarity and practical advice to a subject matter that in other hands would be dull and detail-numbing. Peery's enthusiasm for the subject and his love of teaching shines through every page and makes the read an easy and pleasant one. The historical context and insight he provides will augment the arsenal of market veterans and rookies alike."
—Deena C. Ethridge, Senior Managing Counsel, State Street Global Advisors

"Peery's book will become a well-worn fixture on any derivative player's bookshelf and serve as a rosetta stone for expert and novice alike. It translates almost incomprehensible statutes, regulations, and rules into useful and accessible schedules, charts, timelines, and analysis that explain the changing world of derivative regulation. It should be required reading for all those responsible for implementing Dodd-Frank reforms, providing a lifeline for those confronting changes that might otherwise be viewed as an impossible task."
—Professor Christian Johnson, University of Utah College of Law

"The financial crisis that began in 2008, and the worldwide economic devastation left in its wake, led to frantic and unprecedented efforts on the part of governments to more effectively regulate derivatives. In this timely and revealing book, Peery methodically explains the causes of the financial meltdown, debunks the myth that derivatives were solely to blame, educates the reader on the mechanics of derivatives and their markets, and explains the legislation—such as the Dodd-Frank Act—meant to regulate these markets. Written in a highly captivating and non-legalese style, this book will appeal to anyone yearning for a lucid explanation of how legislative reforms will profoundly transform the future landscape of derivatives markets."
—Dr. Fabrice Rouah, Director, Sapient Corporation and coauthor of Option Pricing Models and Volatility Using Excel-VBA