NISM Series XIII Common Derivatives Certification Exam Notes
Page 115 Of 303
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Market Efficiency: Derivatives help align underlying asset and derivative prices, preventing arbitrage.
Access to New Markets: Derivatives enable access to assets/markets otherwise unavailable.
Price Stability: Central banks use derivatives to stabilize currency.
Speculation: Allows traders to take calculated risks for potential profit.
Risk Shifting: Moves speculative trades from unregulated to regulated markets, enhancing financial stability.
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