A broad-based introduction to financial derivatives which covers both the technical aspects of these instruments and the markets in which they are traded, and the underlying concepts. End-of-chapter assessment material provides students with the opportunity to further apply and critically evaluate the key principles. The book should be useful in undergraduate and postgraduate introductory modules in financial derivatives (core) or financial markets, institutions and investments (supplementary), and in professional body courses in financial deri…

Although the financial futures and options markets have only existed since 1972, many current participants have little understanding of their genesis. This work offers an historical perspective that aims to provide important insights into the basic functioning of the markets. Petzel explains how these relatively new market investment products originated, how they are used and how the markets in which they are traded work. Beginning with an overview of the first 15 years of financial futures, Petzel examines both successes and failures, developi…

The Financial Futures Primer provides the reader with an introduction to the futures markets in general and financial futures in particular. All of the futures contracts explored in the text are approached by a common pricing framework-the proposition that rational prices preclude arbitrage profits. To ensure that the mathematical demands placed upon the reader are minimal, there is an uncomplicated, applied explanation provided for each topic. As each concept or valuation technique is introduced, it is explained in detail, the relevant formula…

· Worked examples illustrating key points· Explanation of complex or obscure terms· Full glossary of termsThe titles in this series, all previously published by BPP Training, are now available in entirely updated and reformatted editions. Each offers an international perspective on a particular aspect of risk management.Topics covered by this title include FRA rates, using FRAs ,what are futures? Short term interest-rate futures and bond futures, market trading, clearing, and settlement and closing positions.

From the basics of open outcry trading to advanced technical indicators, "Fundamentals of the Futures Market" gives beginning futures traders everything they need to get started. This hands-on workbook walks readers through the entire process to read and understand major reports, track prices, follow the major indicators, and more. In today's fast-paced futures trading arena, it provides the tools readers need to trade in any commodity market--grains, metals, or financials - and minimize risk as they sharpen their trading skills.

I am convinced that this book will become the prime reference on AIS for many years to come.

How do you bring real world scenarios into your course? Or would you like to? Business Snapshots (about 60 in total, found in almost all chapters)—Carefully thought out and integrated into the main material in chapters. Describe real world situations and interesting issues that are highlighted to illustrate points being made throughout the text. Completely revised chapters on credit risk and credit derivatives (Ch 20 and 21)—Reflects market developments. Makes these chapters in this edition more straightforward and easier to teach. Ope…

This book explains both the basic and advanced principles of pricing swaps and their hedge applications. Chapters describe pricing methods, swaps valuation, dealing with interest rate exposure, developing trading strategies and their application in portfolio management. Lucid clearly structured with extensive use of worked examples.

Pricing Money provides a highly practical introduction to the principles of bonds and fixed income and is aimed at readers who have little prior knowledge. The book is written in a style that is not overly mathematical or theoretical but takes a practical approach focusing on the aspects of pricing and trading fixed-income securities that are most relevant to the day-to-day activities of people working in the markets. Starting at a basic level the author explains the concepts and principles behind fixed income in an informative way using every …

This is one of Riskbook.com's Best of 2005 - Top Ten Finance Books. The Libor market model remains one of the most popular and advanced tools for modelling interest rates and interest rate derivatives, but finding a useful procedure for calibrating the model has been a perennial problem. Also the respective pricing of exotic derivative products such as Bermudan callable structures is considered highly non-trivial. In recent studies, author John Schoen makers and his colleagues developed a fast and robust implied method for calibrating the Libor…