You work for a conservative asset management firm. Recognizing the economic been. efit of using futures contracts for some of your clients, you request permission from the compliance department to open a futures account. On learning of your request, the firm's chief investment officer requests a meeting with you to explain his disdain for any derivatives, saying, "I might as well write you a check, wish you good luck, and send you off to our local casino. All derivatives markets are nothing more than legal