Who creates derivatives?
Could you please elaborate on the question, "Who creates derivatives?" I'm curious to understand the parties involved in the creation process. Are derivatives primarily created by financial institutions like banks and investment firms? Or, do individuals also have a role in their creation? Furthermore, are there specific qualifications or licenses required for those involved in derivative creation? It would also be interesting to know about the motivations behind creating derivatives and how this affects the overall financial market. Could you provide some insights into these aspects?