Böcker av Lesley Campbell

The world of trading is split into two rough camps - those who are speculating and those who are hedging. It is a particularly important time for companies today to consider hedging. As commodity prices rise, their costs rise. In an inflationary environment, some are unable to pass on these higher costs to their consumers which makes the London Metal Exchange the global trading venue for metals. The LME connects physical and financial market participants to create a global pool of liquidity. These participants buy and sell LME futures and options to transfer (hedge) and take on (invest in) price risk and in that process discover globally relevant prices. How to Hedge on the London Metal Exchange is a straightforward practical manual that shows companies involved in the world of metals how to understand and quantify the risks they face and how to use the LME to manage these risks. Written by an industry expert who has worked for trading companies, banks, brokers, and the LME itself, it uses simple clear language and engaging graphics to show how the LME can offer protection from the increasing volatility of metal prices. The authors' detailed knowledge of the world of metals provides an insider's perspective on the realities of hedging. It is an important aid for everyone from junior traders to CFOs. This book is distinctive because it's written with the sole aim of helping companies to hedge, not to promote the exchange or to encourage business.