With empirical evidence, compare and contrast Exchange Traded Market and Over-the-Counter Market? Assuming you are working for the Bank of Namibia Financial Markets Department as a Senior Derivative Analyst, which Derivative instrument (s) would you recommend for the BoN and on which market would that instrument (s) be traded on? Marks (25) 2. With supportive evidence, which Derivative instrument (s) would you recommend to high risk tolerance investor and why? Marks (25) 3. With practical examples demonstrate how Derivatives can be used for Risk Management purpose and how Derivatives market participants such as Speculators, Hedgers and Arbitrageurs utilizes this instrument? Marks (25) 4. Compare and contrast the following Derivatives Strategies by demonstrating with practical examples and making appropriate recommendations to a Risk averse Investor: 1. Forwards Strategies; 2. Swaps Strategies; 3. Futures Strategies; 4. Currency Management; 5. Options Strategies; and 6. Binomial Options Pricing Model vs Black