8.9-FUTURES MARKETS-THE MECHANICS OF TRADING IN FUTURES
The mechanics of trading in futures
08.09.01 through 08.09.09 describe the actual workings of a futures market, based on the procedures and customs applicable to the New York and London exchanges.
It is necessary to gain a good understanding of the mechanics of the market before attempting to grasp the commercial principles that govern traders’ actions. These are discussed in 09, Hedging and other operations.
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