Editing Chartered Financial Analyst (section)

====Derivatives====
The curriculum includes coverage of the fundamental framework of derivatives markets, derivatives valuations, and hedging and trading strategies involving derivatives, including [[Futures contract|futures]], [[Forward contract|forwards]], [[Swap (finance)|swaps]], and [[Option (finance)|options]]. The curriculum incorporates various [[Mathematical finance#Derivatives pricing: the Q world|pricing models and frameworks]], such as [[Black–Scholes|Black-Scholes]] and [[Binomial options pricing model|binomial option pricing]] (extending to coverage of [[Lattice model (finance)#Interest rate derivatives|interest rate trees]]), while coverage of the [[Stochastic calculus#Applications|underlying mathematics]] is conceptual as opposed to technical.