Faculty Research Highlight
"The World Scientific Handbook of Futures Markets," coauthored by Dr. Tassos Malliaris
We outline several fundamental themes for the WPS Handbook of the Futures Markets. The Handbook as the others in the same series intends to be a definitive source for comprehensive and accessible information in futures markets. The emphasis is on the unique characteristics of futures markets that make them worthy of a special volume. In our judgment, futures markets are currently undergoing remarkable changes as trading is shifting from open outcry to electronic and as the traditional functions of hedging and speculation are extended to include futures as an alternative investment vehicle in traditional portfolios. The unique feature of this volume is the selection of five classic papers that lay the foundations of the futures markets and the invitation to the leading academics who do work in the area to write critical surveys in a dozen important topics.