Utures, forwards and options are used for risk reduction, speculation and arbitrage purposes.

Futures, forwards and options are used for risk reduction, speculation and
arbitrage purposes.
Provide a critical analysis that demonstrates a good understanding of the up
to date literature in this area of finance.

I need you to focus on this:
Descriptive content 20%
Analysis 30%
Research 40%
Presentation 10%
max word 1500
please use good sources

Referencing Requirements:
BOOKS, Articles, Journals FROM UK UK UK