Now in its sixth edition, Understanding Futures Markets byRobert Kolb (University of Colorado) and James Overdahl (ChiefEconomist of the Commodity Futures Trading Commission) provides themost comprehensive coverage of futures markets available. This newedition features updated and enhanced discussions on: event markets, proposition markets, weather futures, and macrofutures globalization of futures markets electronic trading platforms and the rise of electronictrading manipulation of futures markets and methods of deterrence The Commodity Futures Modernization Act of 2000 and its effecton market regulation hedging in a corporate environment uses of futures by government entities energy futures products recent fiascos involving energy futures and relatedderivatives single stock futures products and narrow-based stock indexfutures accounting and taxation features of futures markets. Clearly written and accessible, this is the authoritative textfor students and practitioners alike looking for an in-depthtreatment of futures markets.