The book consists of 32 chapters, including: futures market mechanism, futures hedging strategy, interest rate, interest rate futures, forward and futures price determination, swaps, options market mechanism, options trading strategy, Black-Scholes-Merton model, volatility smile, numerical method, value at risk, credit risk, credit derivatives, exotic options, convexity adjustment and real options.
Like the previous edition, this book is suitable for different purposes, not only for graduate students majoring in business, economics, investment and financial engineering, but also for senior undergraduates with good mathematical ability, especially for financial practitioners, analysts, traders or other market practitioners in derivatives market. This book has irreplaceable reading value.