Introduction; Futures markets and central counterparties; Hedging strategies using futures; Interest rates; Determination of forward and futures prices; Interest rate futures; Swaps; Securitization and the financial crisis of 2007-8; XVAs; Mechanics of options markets; Properties of stock options; Trading strategies involving options; Binomial trees; Wiener processes and Itô's lemma; The Black–Scholes–Merton model; Employee stock options; Options on stock indices and currencies; Futures options and Black's model; The Greek letters; Volatility smiles and Volatility Surfaces; Basic numerical procedures; Value at risk and expected shortfall; Estimating volatilities and correlations; Credit risk; Credit derivatives; Exotic options; More on models and numerical procedures; Martingales and measures; Interest rate derivatives: The standard market models...