It's strategic financial management.

Derivatives markets have been outstandingly successful. The main reason is that they have attracted many different types of traders and have a great deal of liquidity. When an investor wants to take one side of a contract, there is usually no problem in finding someone who is prepared to take the other side. Required: (a) Appraise the types of derivatives instruments available in the market. (b) Discuss the types of traders identified in the derivatives markets. (15 marks) (10 marks)