Course Details

The Derivatives Markets and Legal Practice

Transactions in derivatives, such as swaps, options and futures, now comprise a larger share of the world's total financial markets than do transactions in stocks and corporate bonds combined. Derivatives are routinely used by multinational corporations, mutual funds, pensions plans, hedge funds, high-frequency trading firms and others to manage price risks or take speculative positions. In recent years, the most extensive and profound revision of Federal financial regulation since the 1930's has been enacted to regulate these products and their interaction with the other parts of our financial system. Yet despite the size and significant of the derivatives markets, even sophisticated legal and financial professionals often do not understand the nature, uses, and risks of these financial instruments. This course is designed to provide students with an in depth understanding of the functions, regulation and practical operation of this fascinating area of financial activity. We will look at these products from a regulatory, transactional and enforcement perspective, including the unlawful use of such products to “spoof” or manipulate prices. In addition, we will explore the use and regulation of cryptocurrencies, such as bitcoins, which have experienced explosive growth in the past few years. Upon conclusion of the course, students should be comfortable discussing derivative and cryptocurrency transactions and knowledgeable about why and how businesses and individuals use these products. Course Materials: All About Derivatives, 2nd Edition, ISBN-13: 978-0-07-174351-8

Catalog Number: BUSCOM 634
Practice Areas: Business, Corporate,Trans Area
Additional Course Information: Co-listed with Kellogg


Course History

Fall 2017
Title: The Derivatives Markets and Legal Practice
Faculty: Harris, Alton B.
Kluchenek, Matthew
Section: 1     Credits: 2.0
Capacity: 25     Actual: 11

Fall 2016
Title: The Derivatives Markets and Legal Practice
Faculty: Kluchenek, Matthew
Section: 1     Credits: 2.0
Capacity: 25     Actual: 8

Fall 2015
Title: The Derivatives Markets and Legal Practice
Faculty: Harris, Alton B.
Koya, Devi S.
Section: 1     Credits: 2.0
Capacity: 25     Actual: 20

Fall 2014
Title: The Derivatives Markets and Legal Practice
Faculty: Harris, Alton B.
Koya, Devi S.
Section: 1     Credits: 2.0
Capacity: 25     Actual: 16