The first section covers the foundations of probability in measure theoretic terms. i.e events in probability as measurable sets, random variables as measurable functions, expectation as integration with respect to the probability measure etc. My only criticism is Chapter 8 on product measure could do with more explanation and examples. The second section in my […]

# Futures

## Futures Delta and Forward Delta

The delta of a futures contract is not the same as the delta of a forward contract. This is often a point of confusion for students. The difference between a forward contract and a futures contract is that a forward contract is an OTC contract settled at maturity and a futures contract is settled daily using […]

## Connect

Connect with us on the following social media platforms.