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.