Financial Hacking: Evaluate Risks, Price Derivatives, Structure Trades, and Build Your Intuition Quickly and Easily

Financial Hacking: Evaluate Risks, Price Derivatives, Structure Trades, and Build Your Intuition Quickly and Easily

by Philip Z Maymin

Hardcover

$54.00
Eligible for FREE SHIPPING
  • Get it by Wednesday, July 25 , Order now and choose Expedited Shipping during checkout.
    Same Day shipping in Manhattan. 
    See Details

Overview

Financial Hacking: Evaluate Risks, Price Derivatives, Structure Trades, and Build Your Intuition Quickly and Easily by Philip Z Maymin

This book teaches financial engineering in an innovative way: by providing tools and a point of view to quickly and easily solve real front-office problems. Projects and simulations are not just exercises in this book, but its heart and soul. You will not only learn how to do state-of-the-art simulations and build exotic derivatives valuation models, you will also learn how to quickly make reasonable inferences based on incomplete information. This book will give you the expertise to make significant progress in understanding brand new derivatives given only a preliminary term sheet, thus making you extraordinarily valuable to banks, brokerage houses, trading floors, and hedge funds.

Financial Hacking is not about long, detailed mathematical proofs or briefs summaries of conventional financial theories; it is about engineering specific, useable answers to imprecise but important questions. It is an essential book both for students and for practitioners of financial engineering.

MBAs in finance learn case-method and standard finance mainly by talking. Mathematical finance students learn the elegance and beauty of formulas mainly by manipulating symbols. But financial engineers need to learn how to build useful tools, and the best way to do that is to actually build them in a test environment, with only hypothetical profits or losses at stake. That's what this book does. It is like a trading desk sandbox that prepares graduate students or others looking to move closer to trading operations.

Product Details

ISBN-13: 9789814322553
Publisher: World Scientific Publishing Company, Incorporated
Publication date: 09/30/2011
Pages: 200
Product dimensions: 6.00(w) x 9.10(h) x 0.70(d)

Table of Contents

Foreword vii

Part 1 Vanilla World 1

Chapter 1 Risk 3

Chapter 2 Arbitrage 19

Chapter 3 Trading Puzzles 27

Part 2 Vanilla Derivatives 41

Chapter 4 Black-Scholes 43

Chapter 5 Simulation 65

Chapter 6 Puzzles and Bugs 89

Part 3 Exotic Derivatives 121

Chapter 7 Single-Asset Exotic Options 123

Chapter 8 Multi-Asset Exotic Options 139

Part 4 Exotic Worlds 149

Chapter 9 The Best Trade in the World? 151

Chapter 10 Variance Swaps 163

Chapter 11 Esoteric Worlds and Derivatives 177

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews