The only guide focusing entirely on practical approaches topricing and hedging derivatives
One valuable lesson of the financial crisis was that derivativesand risk practitioners don't really understand the products they'redealing with. Written by a practitioner for practitioners, thisbook delivers the kind of knowledge and skills traders and financeprofessionals need to fully understand derivatives and price andhedge them effectively. Most derivatives books are written byacademics and are long on theory and short on the day-to-dayrealities of derivatives trading. Of the few practical guidesavailable, very few of those cover pricing and hedging--twocritical topics for traders. What matters to practitioners is whathappens on the trading floor--information only seasonedpractitioners such as authors Marroni and Perdomo can impart.
* Lays out proven derivatives pricing and hedging strategies andtechniques for equities, FX, fixed income and commodities, as wellas multi-assets and cross-assets
* Provides expert guidance on the development of structuredproducts, supplemented with a range of practical examples
* Packed with real-life examples covering everything from optionpayout with delta hedging, to Monte Carlo procedures to commonstructured products payoffs
* The Companion Website features all of the examples from thebook in Excel complete with source code