Building Financial Derivatives Applications With C++ / Edition 1

Building Financial Derivatives Applications With C++ / Edition 1

by Robert Brooks
     
 

ISBN-10: 156720287X

ISBN-13: 9781567202878

Pub. Date: 03/30/2000

Publisher: ABC-CLIO, Incorporated

Radical developments in financial management, spurred by improvements in computer technology, have created demand for people who can use modern financial techniques combined with computer skills such as C++. Dr. Brooks gives readers the ability to express derivative solutions in an attractive, user-friendly format, and the ability to develop a permanent software

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Overview

Radical developments in financial management, spurred by improvements in computer technology, have created demand for people who can use modern financial techniques combined with computer skills such as C++. Dr. Brooks gives readers the ability to express derivative solutions in an attractive, user-friendly format, and the ability to develop a permanent software package containing them. His book explains in detail how to write C++ source code and at the same time explains derivative valuation problems and methods. Entry level as well as experienced financial professionals have already found that the ability to understand and write C++ code has greatly enhanced their careers. This is an important hands-on training resource for practitioners and a clearly presented textbook for graduate-level students in business and finance.

Dr. Brooks combines object-oriented C++ programming with modern derivatives technology and provides numerous examples to illustrate complex derivative applications. He covers C++ within the text and the Borland C++Builder program, on which the book is based, in extensive appendices. His book combines basic C++ coding with fundamental finance problems, illustrates traditional techniques for solving more complicated problems, and develops the reader's ability to express complex mathematical solutions in the object-oriented framework of C++. It also reviews derivative solutions techniques and illustrates them with C++ code, reviews general approaches to valuing interest rate contingent claims, and focuses on practical ways to implement them. The result is a book that trains readers simultaneously in the substance of its field, financial derivatives, and the programming of solutions to problems in it.

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Product Details

ISBN-13:
9781567202878
Publisher:
ABC-CLIO, Incorporated
Publication date:
03/30/2000
Edition description:
New Edition
Pages:
232
Product dimensions:
6.00(w) x 9.00(h) x 0.69(d)

Table of Contents

Preface

Introduction

Introduction to C++

Derivatives Valuation

Tools of the Trade

Valuing Forward Contracts and Interest Rate Swaps

Valuing Stock Options

Building Interest Rate Trees

Mortgage-Backed Securities and Monte Carlo Simulation

Value-At-Risk and Summary

Bibliography

Index

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