Title: Text Book
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- Text Book
- ??????(??????)
- ?? ??? ???
- Hull, J. C. Options, Futures, and Other
Derivatives, 7th Edition, Upper Saddle River,
N.J. Prentice-Hall, 2009. - Class Evaluation
- Participation 10
- Mid term exam. 45 11?13?
- Final exam. 45 1?15?
- Office Hour
- 13001400, Friday, Rm. SL361
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- ???????(???)
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8??????-???
- ??????????????????????????????
- ???
- ??????,????????????
- ??????????????????????????????
- ???????????(board of governors),????????????
- ???
- ????????
- ???????????,???????????
-
9??????-???
- ?????
- ??-???????(IB)-?????(FCM)-???
- ?????-???
- ?????
- ???(speculator)
- ???(hedger)
- ?????????
- ???????(Introducing Broker)
- ?????(Futures Commission Merchant)
- ?????(Floor Trader, Local)
10?????
- ???(deliverable grades)
- ????(contract size)
- ???(delivery month)
- ????(delivery place)
- ??????????(tick)
- ????(price quote)
- ??????(daily price limit)
- ???????(trading hours)
- ?????(last trading day)
- ?????(last delivery day)
11?????-CBOT??????
- ?????????15.5?2???? (No. 2 Yellow at par, No. 1
yellow at 1 1/2 cents per bushel over contract
price, No. 3 yellow at 1 1/2 cents per bushel
under contract price) - ???? 5,000??
- ??? 3?5?7?9?12?
- ???? Chicago, Toledo, St. Louis
- ???????????4??1??
- ??????????4??1??
12?????-CBOT??????(?)
- ?????????30??
- ???????
- ???? 09301315(Central, Mon.-Fri.)
- ????18000600,09301315(Central, Sun.-Fri.)
- ??????????15???????
- ????????????????
13?????-TAIFEX??????(?)
- ???? TX
- ????????????????????(????)
- ??????????????????????????????
- ??????/???
14?????-TAIFEX??????(?)
- ???????200???????
- ???????????? NT(2006,000)?NT1,200,000??US40,00
0 - ???????????????US40,000 US400,000??,??????????
??????
15?????-TAIFEX??????(?)
- ?????????????????????
- ??????,???????,????????????????
- ??????????????????????
- ??????,??????????,??????????????????
16?????-TAIFEX??????(?)
- ??????(???200?)
- ??????,????????,????
- ?????????????0.86
- ?????????US690
17?????-TAIFEX??????(?)
- ?????7
- ????????????7???
- ????8451345
- 830845????,?845??????,?????????
- 8451345?????????
18?????-TAIFEX??????(?)
- ???????????(???1??)????
- ????????????????
- ????????????????
19?????-TAIFEX??????(?)
- ?????
- ?????????????????????????????????????????????
- ????????????????????,???????????????????????,?????
???????????
20?????-TAIFEX??????(?)
- ????????
- ??????????????????
- ??????????????????????,????????,?????????
- ????
- ???3,500?
- ??7,000?
- ?????21,000?
21???
- ??????? ????????
- ????
-
- ?? ??
-
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-
- ?? ??? ??
-
22???(?)
- ????????????????????????????
- ?????(initial margin)
- ????????,??????????
- ???????3?10
23???(?)
- ?????(maintenance margin)
- ????????????????????????????????
- ????????75
24???(?)
- ?????(variation margin)
- ???????????
- ????????????(?)????????
- ????????????(?)????????
25???-TAIFEX???????(2008/9/17)
??? ????? ????? ?????
???? 64,000 67,000 87,000
???? 54,000 56,000 73,000
???? 52,000 54,000 71,000
?????? 16,000 16,750 21,750
26???-TAIFEX???????(?)
??? ????? ????? ?????
??50?? 26,000 27,000 36,000
??????? 70,000 73,000 95,000
???????? 8,000 9,000 11,000
27??????
- ??
- ??????,????????????
- ????
- ???
28??????(?)
- ????????????
- (?????-?????)/????
- ?????????????????
- (87,000-67,000)/200100?100?
- ??????????????
- ?????????????100??
- ?????????????100??
- ??????????,????
29??????-??(????)
??? ?? ?? ?????
1 6500 0 87,000
2 6450 -(20050)-10,000 77,000
3 6365 -(20085)-17,000 60,000
30??????-??(?)
- ????????????,????27,000?(?????)
- ?????,??????????????????
31????
- ????
- ????
- ????
- ????
- ????
- ????
- ???????(??,offsetting, liquidating)
- ??????(Exchange for Physicals, EFP)
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- ??????????,???????????????????
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33????????????
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35?????????
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- ????
- ????
- ????
- ???????(??,offsetting, liquidating)
- ??????(Exchange for Physicals, EFP)
36????-??
- ???? 12 ?
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- ??????4?
- ??????????5??6?
- ????5?
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- ?????9?
- ????10 30 ?
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39????-????
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40????(??)
- ?????????????? ??,??????????? ??,??????????? ????
????,???? - ?????????????? ????,????????? ?????,???????? ???
41??
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- ????(????)???
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42???
- ?????????? ?????????? ??????,??? ?????????? ?????
- ?????????
43??
44- ?????
- ????????????????(0.000125)???????(0.01)??
- ????????????
45???- ????
- ?????????? (0.1425)
- ?? 65?(??mma????38??2?,????,????15???62?80)
46???- ????
- ??
- ???80?(??)
- ???65?(??)
- ?? 250?(??)
- ??
- ???65?(??)
- ???65?(??)
- ??150?(??)
47??????
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48???????
- ????
- ?????
- ????
- ????
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49?????
- ??(Grain)
- ???(Poultry)
- ??? (Oil and Meal)
- ???(Livestock)
- ??? (Forest Products)
- ??? (Textile)
- ?? (Food and Drink)
50????
- ????
- ?????????????
- ????
- ??????????????
51????
- ???(Heating Oil)
- ??(Crude Oil)
- ????(Unleaded Gasoline)
- ?? (Propane)
52????
- SP 500 Index Futures
- Dow Jones Industrial Average Index Futures
- CAC-40 Index Futures
- Nikkei 225 Index Futures
- Heng-Seng Index Futures
- FT-SE100 Index Futures
53????
- ??
- ???????(Thirty-day Interest Rate Futures)
- ?????(T-bill Futures)
- ??????(Euro Dollars Futures)
- ??
- ??????(T-note Futures)
- ??
- ??????(T-bond Futures)
54????
- ??(Euro)
- ??(British Pound)
- ??(Canadian Dollar)
- ??(Japanese Yen)
- ????(Swiss Franc)
- ??(Australian Dollar)
55???????????
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- ???????????
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56??????
57???? - ??????
- 1993.01 ???????????
- 1994.04 ??????????
58???? - ????????
- 1995.12 ???????????
- 1997.03 ?????????
- 1997.09 ?????????
- 1998.07 ??????
- 1999.07 ???????????
- 2001.04 ????????
- 2001.12 ???????
- 2003.01 ???????
- 2003.06 ??50??????
- 2004.01 ???????????
- 2004.05 ??????????
59???? - ????????
- 2005.03 ???????
- 2005 03 ???????
- 2006.03 MSCI ??????
- 2006.03 MSCI???????
- 2006.03 ??????
- 2007.10 ???????
- 2007.10 ????????
- 2007.10 ??????
- 2007.10 ???????
- 2007.10 ???????????
60??????
- ??
- ????
- ????
- ????
- ??????
- ??????
- ?????????
- ????????
- MSCI????
- ????
- ?????
- ????
- ?????????
61??????
- ???
- ?????
- ?????
- ?????
- ?????
- MSCI?????
- ??????
- ?????
62QA
- E-mail ecos1005_at_mails.fju.edu.tw