Options, Futures, and Other Derivatives

Author: John C. Hull

Publisher: Pearson

ISBN: 0134631498

Category: Business & Economics

Page: 864

View: 2830

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This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. For courses in business, economics, and financial engineering and mathematics. The definitive guide to derivatives markets, updated with contemporary examples and discussions Known as “the bible” to business and economics professionals and a consistent best-seller, Options, Futures, and Other Derivatives gives readers a modern look at derivatives markets. By incorporating the industry’s hottest topics, such as the securitization and credit crisis, author John C. Hull helps bridge the gap between theory and practice. The 10th Edition covers all of the latest regulations and trends, including the Black-Scholes-Merton formulas, overnight indexed swaps, and the valuation of commodity derivatives.

Fundamentals of Futures and Options Markets, Global Edition

Author: John C. Hull

Publisher: Pearson Higher Ed

ISBN: 1292155043

Category: Business & Economics

Page: 624

View: 7624

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For undergraduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management. A reader-friendly book with an abundance of numerical and real-life examples. Based on Hull's Options, Futures and Other Derivatives, Fundamentals of Futures and Options Markets presents an accessible and student-friendly overview of the topic without the use of calculus. Packed with numerical examples and accounts of real-life situations, this text effectively guides students through the material while helping them prepare for the working world.

Interest Rate Swaps and Other Derivatives

Author: Howard Corb

Publisher: Columbia University Press

ISBN: 0231530366

Category: Business & Economics

Page: 624

View: 2575

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The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them. Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.

Risk Management and Financial Institutions

Author: John C. Hull

Publisher: John Wiley & Sons

ISBN: 1119448093

Category: Business & Economics

Page: 832

View: 9739

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The most complete, up-to-date guide to risk management in finance Risk Management and Financial Institutions, Fifth Edition explains all aspects of financial risk and financial institution regulation, helping you better understand the financial markets—and their potential dangers. Inside, you’ll learn the different types of risk, how and where they appear in different types of institutions, and how the regulatory structure of each institution affects risk management practices. Comprehensive ancillary materials include software, practice questions, and all necessary teaching supplements, facilitating more complete understanding and providing an ultimate learning resource. All financial professionals need to understand and quantify the risks associated with their decisions. This book provides a complete guide to risk management with the most up to date information. • Understand how risk affects different types of financial institutions • Learn the different types of risk and how they are managed • Study the most current regulatory issues that deal with risk • Get the help you need, whether you’re a student or a professional Risk management has become increasingly important in recent years and a deep understanding is essential for anyone working in the finance industry; today, risk management is part of everyone's job. For complete information and comprehensive coverage of the latest industry issues and practices, Risk Management and Financial Institutions, Fifth Edition is an informative, authoritative guide.

FINANCIAL DERIVATIVES

THEORY, CONCEPTS AND PROBLEMS

Author: S. L. GUPTA

Publisher: PHI Learning Pvt. Ltd.

ISBN: 9788120328631

Category: Business & Economics

Page: 640

View: 6958

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In today's competitive world, Financial Derivatives occupy a significant and integral part of the global capital markets. This uptodate and contemporary text gives an indepth analysis of the underlying concepts of Financial Derivatives and deals with the technical aspects of all the important financial derivatives. It also dwells on the financial markets where these derivatives are traded. The book seeks to capture the essence of the modern developments in financial derivatives and provides a wide coverage of the intricate and complex world of financial derivatives. Organized into five sections, the text balances rigour with clarity of explanations and practical treatment of the subject. Each chapter begins with a brief theoretical description followed by relevant examples. Diagrams, charts and tables have been incorporated at the appropriate places to illustrate the concepts discussed.

Derivatives

A Comprehensive Resource for Options, Futures, Interest Rate Swaps, and Mortgage Securities

Author: Fred D. Arditti

Publisher: Island Press

ISBN: 9780875845609

Category: Business & Economics

Page: 394

View: 8957

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Clears up misconceptions about the derivatives market, describes its four major classes of instruments, and discusses the investment potential of derivatives

Global Derivative Debacles

From Theory to Malpractice

Author: Laurent L Jacque

Publisher: World Scientific

ISBN: 9814663271

Category: Business & Economics

Page: 368

View: 4633

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This book analyzes in depth all major derivatives debacles of the last half century including the multi-billion losses and/or bankruptcy of Metallgesellschaft (1994), Barings Bank (1995), Long Term Capital Management (1998), Amaranth (2006), Société Générale (2008) , AIG (2008) and JP Morgan-Chase (2012). It unlocks the secrets of derivatives by telling the stories of institutions which played in the derivative market and lost big. For some of these unfortunate organizations it was daring but flawed financial engineering which brought them havoc. For others it was unbridled speculation perpetrated by rogue traders whose unchecked fraud brought their house down. Should derivatives be feared "as financial weapons of mass destruction" or hailed as financial innovations which through efficient risk transfer are truly adding to the Wealth of Nations? By presenting a factual analysis of how the malpractice of derivatives played havoc with derivative end-user and dealer institutions, a case is made for vigilance not only to market and counter-party risk but also operational risk in their use for risk management and proprietary trading. Clear and recurring lessons across the different stories in this volume call not only for a tighter but also "smarter" control system of derivatives trading and should be of immediate interest to financial managers, bankers, traders, auditors and regulators who are directly or indirectly exposed to financial derivatives. The book groups cases by derivative category, starting with the simplest and building up to the most complex — namely, Forwards, Futures, Options and Swaps in that order, with applications in commodities, foreign exchange, stock indices and interest rates. Each chapter deals with one derivative debacle, providing a rigorous and comprehensive but non-technical elucidation of what happened. What is new in the second edition? A new chapter on JP Morgan-Chase's London Whale, an in-depth discussion of credit-default swaps, and an update of the revamped regulatory framework with Basel 2.5 and Basel III against the backdrop of the Euro crisis, along with a revised and expanded discussion of the AIG debacle. Contents:Derivatives and the Wealth of NationsForwards:Showa Shell Sekiyu K KCitibank's Forex LossesBank Negara MalaysiaFutures:Amaranth Advisors LLCMetallgesellschaftSumitomoOptions: Allied LyonsAllied Irish BanksBaringsSociété GénéraleSwaps:Procter & GambleGibson Greeting CardsOrange CountyLong-Term Capital ManagementAIGJP Morgan Chase London WhaleFrom Theory to Malpractice: Lessons Learned Readership: Economists; undergraduates and graduates majoring in finance, economics and business administration; professionals, financial managers and CPAs in the financial service industry. Key Features:Includes simple graphs or numerical illustrations to enhance readers' understanding of the complex world of derivatives and financial engineering step-by-step, story-by-storyUses actual case studies to introduce college students, finance professionals and general readers to the world of high finance which shapes their day-to-day livesDemystifies the mysterious world of financial derivativesBrings alive difficult concepts by profiling the protagonists in each debacle and the corporate setting within which the derivative debacle unfoldedProvides a glossary of key concepts to discuss the respective derivatives product, how it is valued, trading strategies, and the workings of the market where it is tradedKeywords:Derivatives;Debacles;Options;Swaps;Futures;Forwards;Financial Engineering;Market Manipulation;Rogue Traders;Speculation;London WhaleReview: Reviews of the First Edition: “This timely and well-written book is a ‘must read’ for anyone directly or indirectly involved in financial markets and instruments as well as risk management. By telling actual stories of how rogue traders and incompetent managers put their firms at risk, the author demystifies the complex world of financial derivatives. His incisive and in-depth analysis of all major derivatives debacles should help the reader understand what happened and avoid future disasters.” Gabriel Hawawini The Henry Grunfeld Professor of Investment Banking INSEAD “The author has written a book whose clarity makes it accessible to a wide range of practitioners and executives, and he brings the technical subject matter to life through the concrete examples of the highest profile failures in the use of derivatives” B Craig Owens Senior Vice President and Chief Financial Officer Campbell Soup “The book is a timely contribution to a subject that has been at the epicenter of the current financial crisis … Learning from past mistakes and applying the lessons is what sets this book apart and should make it a useful guide for practitioners.” Dr Oliver S Kratz Head of Global Thematic Equities Deutsche Bank

Introduction to Futures and Options Markets

Author: John Hull

Publisher: Upper Saddle River, N.J. : Prentice Hall

ISBN: 9780138891480

Category: Business & Economics

Page: 471

View: 1951

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This introduction to futures and options markets is ideal for readers with limited backgrounds in mathematics. Emphasizing the use of binomial trees for explaining how options are priced, it shows how one- and two-step binomial trees can be analyzed and includes comprehensive treatment of numerical procedures based on binomial trees.

Python for Finance

Analyze Big Financial Data

Author: Yves Hilpisch

Publisher: "O'Reilly Media, Inc."

ISBN: 1491945389

Category: Computers

Page: 606

View: 2141

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The financial industry has adopted Python at a tremendous rate recently, with some of the largest investment banks and hedge funds using it to build core trading and risk management systems. This hands-on guide helps both developers and quantitative analysts get started with Python, and guides you through the most important aspects of using Python for quantitative finance. Using practical examples through the book, author Yves Hilpisch also shows you how to develop a full-fledged framework for Monte Carlo simulation-based derivatives and risk analytics, based on a large, realistic case study. Much of the book uses interactive IPython Notebooks, with topics that include: Fundamentals: Python data structures, NumPy array handling, time series analysis with pandas, visualization with matplotlib, high performance I/O operations with PyTables, date/time information handling, and selected best practices Financial topics: mathematical techniques with NumPy, SciPy and SymPy such as regression and optimization; stochastics for Monte Carlo simulation, Value-at-Risk, and Credit-Value-at-Risk calculations; statistics for normality tests, mean-variance portfolio optimization, principal component analysis (PCA), and Bayesian regression Special topics: performance Python for financial algorithms, such as vectorization and parallelization, integrating Python with Excel, and building financial applications based on Web technologies

Trading in Oil Futures and Options

Author: Sally Clubley

Publisher: CRC Press

ISBN: 9780849305191

Category: Business & Economics

Page: 160

View: 792

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Trading in Oil Futures and Options, thoroughly revised and updated, provides practical advice on when to make the decision to use futures; choosing a broker; and the mechanics of futures trading. This new edition has been extended to include all oil market trading instruments, and also gas and electricity derivatives. Updates the only comprehensive guide to oil futures and options Presents an international outlook on the topic Features a chapter on technical analysis and an appendix on the costs of futures trading

The Eurodollar Futures and Options Handbook

Author: Galen Burghardt

Publisher: McGraw Hill Professional

ISBN: 0071707697

Category: Business & Economics

Page: 350

View: 7556

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Eurodollar trading volume is exploding, with no end in sight tools phenomenal growth. The Eurodollar Futures and Options Handbook provides traders and investors with the complete range of current research on Eurodollar futures and options, now the most widely traded money market contracts in the world. The only current book on this widely-followed topic, it features chapters written by Eurodollar experts from JP Morgan, Mellon Capital, Merrill Lynch, and other global trading giants, and will quickly become a required reference for all Eurodollar F&O traders and investors.

Futures And Options (With Cd), 2/E

Author: Vohra & Bagri

Publisher: Tata McGraw-Hill Education

ISBN: 9780070483866

Category:

Page: N.A

View: 4440

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In the global capital markets, derivatives occupy an integral part of the economy-they are virtually driving the world markets. With the introduction of derivatives trading in the form of futures and options, including futures on indices, futures on individual stocks, options on stock indices and options on individual stocks, the Indian Capital Market is witnessing a qualitative change. The revised edition of book includes:A detailed discussion on use of futures contract by various market playersCrisp discussion of the Black and Scholes model for valuation of stock optionsDetailed account of implied volatility and derivatives of the modelA large number of Review IllustrationsTrue-false questions

Advanced Derivatives Pricing and Risk Management

Theory, Tools and Hands-on Programming Application

Author: Claudio Albanese,Giuseppe Campolieti

Publisher: Academic Press

ISBN: 0120476827

Category: Business & Economics

Page: 420

View: 5755

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Book and CDROM include the important topics and cutting-edge research in financial derivatives and risk management.

Trading and Exchanges

Market Microstructure for Practitioners

Author: Larry Harris

Publisher: Oxford University Press, USA

ISBN: 9780195144703

Category: Business & Economics

Page: 643

View: 2194

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Describes in plain words how markets work; how governments and exchanges regulate them; and how traders create liquidity,volatility, informative prices, trading profits, and transaction costs. It identifies the trading strategies that make markets liquid, produce prices that reflect information about fundamental values, and allow some traders to consistently profit while others lose. Since the success of trading strategies depends on the trading rules that markets use, the text also considers the regulatory forces that create and enforce trading rules.

Stochastic Calculus for Finance II

Continuous-Time Models

Author: Steven E. Shreve

Publisher: Springer Science & Business Media

ISBN: 9780387401010

Category: Business & Economics

Page: 550

View: 7203

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This is the second volume in a two-volume sequence on Stochastic calculus models in finance. This second volume, which does not require the first volume as a prerequisite, covers infinite state models and continuous time stochastic calculus. The book is suitable for beginning masters-level students in mathematical finance and financial engineering.