Study Session 17 of CFA Level I Curriculum is related to Derivative Markets & Instruments. They are such contracts which derive their value from some other security, contract, event or anything else. Derivatives are complex instruments and adequate knowledge is advisable for their trading. The following story of Financial Times requires basic knowledge of derivative instruments and contracts to be properly understood.
http://www.ft.com/cms/s/0/b436a1e2-256a-11e1-9cb0-00144feabdc0.html#axzz1gUDuWGiH
http://www.ft.com/cms/s/0/b436a1e2-256a-11e1-9cb0-00144feabdc0.html#axzz1gUDuWGiH
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