Now in it's sixth edition, Robert Kolb's Understanding Futures Markets provides the most comprehensive coverage of futures markets available. With added insight by co-author James Overdahl (Chief Economist of the Commodity Futures Trading Commission), 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 on narrow-based stock index futures accounting and taxation features of futures marketsClearly written and accessible, this is the authoritative text for students and practitioners alike looking for an in-depth treatment of futures markets.