(a) What is the importance of the topic in derivatives market and risk management?

(a) What is the importance of the topic in derivatives market and risk management? (b) What has been done on the topic by the researchers and scholars in the field? What is the current state of knowledge on the topic? (c) What are the unanswered questions on the topic? How are researchers and scholars addressing these questions? (d) What is your assessment of current and on-going research work on the topic moving forward? What are the future research agenda(s) on the topic? (e) An executive summary of the paper or concluding remark(s) covering the topic. The paper should focus on reviewing, analyzing, and discussing research in the field. Online sources and financial newspapers and magazines should not Be used and cited in the text or bibliography. There is no need for any empirical or statistical analysis.