E.BRYS – OPTIONS, FUTURES & EXOTIC DERIVATES

The models of finance theory have had a direct and wide-ranging influence on finance practice over the past two decades. There is no better example of this conjoining of intellectual interest and application than in derivative-security pricing. The authors of Options, Futures and Exotic Derivatives have a similar background to this pattern of combining theory and practice. The range and depth of subject matter shows a good taste for what is relevant and important to the financial world. The book delivers on subject-content, with rigorous derivations presented in a clear, direct voice for the serious student, whether academic or practitioners. To the reader. Robert C. Merton is a professor at the Harvard Business School. The book is self-contained. It is a reference book and a textbook. The basics of the theory and techniques for valuation of exotic derivatives are covered. A detailed knowledge of the field is contained in it. It is written with a deep understanding of the economics of finance. The authors have done an admirable job of distilling what is relevant in option research in one volume. I would have liked to read it before writing my book. Nassim Taleb is a veteran option trader and bestselling author of Dynamic Hedging: ManagingVanilla and Exotic Options. The book is crisp and inspiring. The story is told in equations of the charms and spells of options and their underlying mathematics. The world of over-the-counter and tailor financial markets is covered by the Head of Financial Strategies, Lehman Brothers Europe. The book is written by a renowned team of authors. There are a lot of new exotic options and option pricing. Detailed explanations of different models and numerical methods are provided. A deep understanding of the economics of finance is offered. With questions and review sections throughout, Options, Futures and Exotic Derivatives provides a thorough introduction to a crucial and expanding area in the world of finance for both finance students and practitioners.

Options, futures, and exotic derivatives are available for download.