The CME Group Risk Management Handbook

Invaluable insights on trading today’s futures market

The CME Risk Management Handbook provides an accessible overview of the futures market in today’s electronic world of trading. Page by page, it outlines the various CME products currently available and explains how those products can be used to manage risk. Financial professionals around the world will find this book to be a comprehensive reference to the most widely used risk management, trading, and hedging strategies. Editors John Labuszewski and John Nyhoff–two of the most highly-regarded names in futures and options research and risk management–put this discipline in perspective and offer readers invaluable insights into successfully operating within this environment. Chicago Mercantile Exchange Inc. is an international marketplace that brings together buyers and sellers on its trading floors and GLOBEX around-the-clock electronic trading platform. CME offers futures contracts and options on futures, primarily in four product areas: interest rates, stock indexes, foreign exchange, and commodities. John W. Labuszewski, MBA, is a Director of Clearing Development at CME. John Nyhoff, MBA, is a Director of Financial Research and Development at CME.

Author Biography

JOHN W. LABUSZEWSKI is Managing Director of Research andProduct Development at CME Group. Labuszewski came to CME fromNikko Securities International, where he was general manager of theasset management division. He had previously worked for FenchurchCapital Management, Refco, and the Chicago Board of Trade.Labuszewski is coauthor of four previous industry-related texts. Heearned an MBA from the University of Illinois. JOHN E. NYHOFF is Director of Financial Research andProduct Development at CME Group. He has lectured extensively inthe interest rate derivative product area, and has taught financialfutures and options and related courses at DePaul University andseveral other Chicago-area colleges. Nyhoff is coauthor of twoindustry-related texts: Trading Options on Futures andTrading Financial Futures (both from Wiley). He holds amaster’s in financial economics from the University of Rochester, amaster’s in economics from Northern Illinois University, and abachelor’s degree in economics from DePaul University. RICHARD CO is Director of Financial Research and ProductDevelopment at CME Group. He joined CME in 1999. Dr. Co received aPhD in economics from the University of Chicago in 2000 and is aChartered Financial Analyst. PAUL E. PETERSON is Director of Commodity Research andProduct Development at CME Group. He joined CME in 1989. Beforethat, Peterson served as vice president, research, for BrockAssociates from 1988 -1989; manager, education and marketingservices, for the Chicago Board of Trade from 1986-1988; andmanager, market analysis, for the American Farm Bureau Federationfrom 1983-1986. Peterson holds a PhD in agricultural economics fromthe University of Illinois and has authored a number of articles inprofessional journals and business/trade publications. CME Group is an international marketplace that bringstogether buyers and sellers on its trading floors and CME Globexaround-the-clock electronic trading platform. CME Group operatesleading derivatives exchanges including CME, Chicago Board ofTrade, and NYMEX, offering futures contracts and options onfutures, in diverse product areas including interest rates, stockindexes, foreign exchange, agricultural, energy, and metals.