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Press releases

Press Release

Friday 22 December 2006

Trading STIR Futures

Harriman House

Secrets revealed of the trillion-dollar market

Short term interest rate futures (STIR futures) are one of the largest financial markets in the world.

The two main contracts, the Eurodollar and Euribor, regularly trade in excess of one trillion dollars and euros of US and European interest rates each day. To give a comparison, the New York Stock Exchange trades about 75 billion on a good day and the entire FX market trades around 1.5 trillion in its entirity.

STIR futures are also unique because their structure encourages spread and strategy trading, offering a risk reward profile incomparable to other financial markets. STIR futures are traded on a completely electronic market place that provides a level playing field, meaning that the individual can compete on exactly the same terms as banks and institutions. The sheer number of trading permutations allows traders to find their own niche.

'Trading STIR Futures' is a handbook to the STIR futures markets, clearly explaining what they are, how they can be traded, and where the profit opportunities are. The book has been written for aspiring traders and also for experienced traders looking for new markets.

It offers a unique look at a significant but often overlooked financial instrument. By focusing exclusively on this market, Stephen Aikin provides the reader with a comprehensive guide to trading STIR futures. He covers key points such as how STIR futures are priced, the need to understand what is driving the markets and causing the price action, and provides in-depth detail and trading examples of the intra-contract spread market and cross-market trading opportunities of trading STIR futures against other financial products.

An essential read for anyone wishing to enter this market.

Ends

ABOUT THE AUTHOR:

Stephen Aikin has spent almost 20 years continuously trading STIR futures for his own account, every year of which has been profitable. He holds an MSc in Financial Markets and Derivatives and lives in London.

ADDITIONAL INFORMATION:

- Currently no book, publication or resource anywhere with as much detail about STIR futures
- Aimed at both the new trader but is also suffciently advanced to cover all trading strategies which will appeal to experienced traders looking for new markets or ideas
- Written with a European focus
- Heavily based around spread trading STIRs, both intra contract and inter contract
- Considerable detail about new strategies that Euronext.liffe have recently introduced such as packs and bundles
- Clearly explains the benefits of spreading STIRs against SWAPNOTE
- Provides several back month trading strategies, along with examples of how incentive programs can make back month trading more attractive
- Linked to an online resource designed to keep the appendix up to date
- Could serve as a perfect training aid/gift for interest rate courses

More details can be found online at: www.harriman-house.com/stirfutures

For further information on this book or its author, please contact Tom Orchard, or Helen McCusker in the PR department at Harriman House:

Tel: +44 (0)1730 269809
Email: pr@harriman-house.com

Harriman House Ltd, 3A Penns Road, Petersfield, Hampshire, GU32 2EW

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Trading STIR Futures

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