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The Law of Financial Futures is a detailed practitioner/reference work on the law and practice relating to futures contracts and their trading. It looks at the general picture of the operation of futures contracts and then examines in detail the legal nature of futures and the way contractual relationships are established. The relationships set up in futures trading can be extremely complex and raise difficult questions of agency law.
Michael Peglow analyzes this clearly - explaining the structure and it relating legal principles. He also covers in detail settlement procedures and the impact of insolvency and gives a compelling analysis of the distinction between contracts involving speculation on an exchange and gaming contracts. This book includes a comparative analysis of the UK, German and Asian regimes plus discussions on the legal implications of cross-border trading.