Prerequisite(s): FINC 326. Restriction(s): Business Administration major or Accounting major or Economics major with Asset Management Concentration or Minor within School of Business. This course covers financial derivative instruments including options, futures, forwards, and swaps on a variety of underlying assets. The valuation of derivative instruments, how derivative markets are organized, and the main trading strategies involving derivatives are discussed. Attention is paid to the use of these instruments to manage financial risk. The course also reviews how derivatives are used for hedging, speculation and arbitrage.