In order to have a greater turnover than the cash market, the derivative market has moved to the stock exchanges. As of now, the share of future and option markets has increased to 73% as of June 2012. Every firm faces risks, though the derivatives market tries to significantly decrease them. Risk is defined as the likelihood that something unexpected will occur, including the likelihood that you will lose money. Risk elimination is the process of systematically addressing all material types of risk through skill development and the adoption of comprehensive procedures. Users can reduce their risk levels to manageable levels without significantly lowering their income or profit. Include market modifications and clarifications for risk management in this second version so that the readers should find this edition contemporary and thought provoking and would not be required to attempt to search for descriptions.