An essential read for anyone serious about understanding the impact of technology on the global derivatives market.••Includes up-to-the-minute explanations, covering the basics of options, swaps, and futures across the key asset classes: rates, currency, equity, commodity, and credit.•Relevant to anyone working within the financial markets, from the new entrant to the seasoned trader looking for updates, and to non-trading personnel working in IT, legal, compliance, and operations.Mastering Derivatives Markets provides full up-to-the-minute explanations--with worked examples and screen shots--covering the basics of options, swaps, and futures across the key asset classes: rates, currency, equity, commodity, and credit. This book is relevant to anyone working within the financial markets, from the new entrant to the seasoned trader looking for updates, and to nontrading personnel working in IT, legal, compliance, risk, credit, and operations. The fourth edition has been completely revised with new chapters, covering the most up-to-date thinking in the market, OTC clearing, regulation, benchmarking, electronic Futures Trading in the FX market, new insights into the Commodities market, and Carbon Trading and environmental products.