Derivatives - Introduction

Hi,

In this world of globalization, every where we are witnessing innovations, and financial market is also a part of these innovations, and it came up with a new product "Derivatives" in Banking and Finance Industry.

In 1974,Chicago Mercantile exchange (CME) launched worlds first exchange-traded currency futures (Currency derivatives).

And since then the Derivative Markets has evolved as one of the most extraordinary and important features of the financial market place. In the starting it was mainly used as a hedging tool(risk Minimizing), but soon it became very famous and actively traded products on various exchanges all over the world.