Explain why a futures contract is a zero-sum game between the long and short positions.

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An Introduction to Derivative Securities Financial Markets and Risk Management

ISBN: 978-0393913071

1st edition

Authors: Robert A. Jarrow, Arkadev Chatterjee

Question Posted: Dec 02, 2015 03:03 AM

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Explain why a futures contract is a zero-sum game between the long and short positions.

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Unlike a stock or a bond a futures contract is a zerosupply contr...View the full answer

An Introduction to Derivative Securities Financial Markets and Risk Management

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