(362 pages, $95 hardcover, 2012, ISBN 978-0-470-55371-8) by Gordon F. Peery, published by John Wiley & Sons.
No aspect of our financial system evolves more dynamically than the derivatives market. This market is the largest and most powerful in the world; it is also the least understood. The need to understand derivatives has never been greater. This book explains what derivatives and futures are, who trades them, and how this trading will be transformed. It illustrates how high-profile failures compelled lawmakers to transform (but not too well so far) the OTC derivatives market into one that resembles the futures market. It shows how the crash of 2008 was not the fault of derivatives alone.