Financial Derivatives Market and Market and Application

DETAILS : 

• Author : Velmurugan PS , P. Palanichamy , Malabika Deo
  
• Publisher ‏ : ‎ Serials Publications
  
• Publication date ‏ : ‎ 1 January 2011
  
• Language ‏ : ‎ English
  
• Hardover ‏ : ‎ 573 pages
  
• ISBN-10 ‏ : ‎ 8183874827
  
• ISBN-13 ‏ : ‎ 978-8183874823
  
• Item Weight ‏ : ‎ 950 g

ABOUT THE BOOK

Financial Derivatives: Market and Application, compiled and edited by the distinguished financial academicians Dr. P.S. Velmurugan, Dr. P. Palanichamy, and Dr. Malabika Deo, is a highly rigorous, comprehensive research anthology. Published originally in 2011 following a landmark national conference hosted by the Department of Commerce at Pondicherry University, this academic volume serves as a vital repository of empirical research, policy analysis, and structural evaluations of the Indian and global derivatives markets.

The book was created in direct collaboration with elite financial institutions, including the Multi Commodity Exchange of India (MCX), the Forward Markets Commission (FMC), and NABARD. Its primary objective is to critically analyze the growth, trading architecture, risk-mitigation capacities, and real-world economic applications of derivative instruments across diverse asset classes. The text compiles a multitude of high-level peer-reviewed research papers and case studies organized into structural thematic divisions:

• The Mechanics of Financial Derivatives: Deep-dives into the operational frameworks of index, equity, and interest rate derivatives, exploring trading trends, margin systems, and clearing mechanics on major indices like the SENSEX and NIFTY.
• Commodity Markets & Price Discovery: Features extensively detailed empirical analyses regarding price discovery and volatility spillover between futures and spot markets—particularly focusing on gold, silver, and crucial agricultural commodities like gram and maize.
• Risk Management and Applications: Unpacks the three primary pillars of derivative execution—Hedging, Arbitrage, and Speculation. The papers demonstrate how corporate houses and institutional investors deploy customized swap, future, and option matrices to insulate themselves against erratic market swings.
• Socio-Economic Impacts on Agriculture: Explores the highly debated relationship between commodity trading and the Indian farming community, answering critical policy questions regarding whether agricultural futures genuinely stabilize or artificially inflate farm-gate prices.
• Regulatory & Institutional Frameworks: Outlines systemic policy suggestions aimed at expanding retail investor awareness, capping excessive speculative leverage, and modernizing the regulatory oversight of the Securities and Exchange Board of India (SEBI).

Richly supported by quantitative data, econometric modeling (including VAR and GARCH frameworks), and extensive statistical charts, this text stands as an invaluable reference blueprint for financial engineering students, derivatives traders, research scholars, and market policymakers.

ABOUT THE EDITORS

Dr. P.S. Velmurugan is a highly respected academician, author, and researcher specializing in international banking, corporate governance, and commodity derivatives. He has served in senior faculty roles within the School of Management and Department of Commerce at Pondicherry University, consistently leading efforts to bridge traditional academic theory with active trading floor methodologies.

Dr. P. Palanichamy is a senior professor and prominent voice in Indian financial economics. Known for his technical mastery over risk management systems, he has edited several definitive works on the Indian commodity ecosystem, including the widely cited Indian Commodity Market: Derivatives and Risk Management.

Dr. Malabika Deo is a towering academic figure in finance, econometric modeling, and investment banking analysis. Serving as a senior Professor of Commerce at Pondicherry University, she has guided dozens of doctoral scholars and published hundreds of research papers in top-tier national and international journals, cementing her status as a primary authority on stock market integration and behavioral finance in South Asia.