This book explores the mathematics that underpins pricing models for derivative securities such as options, futures and swaps in modern markets. Models built up

An innovative textbook for use in advanced undergraduate and graduate courses; accessible to students in financial mathematics, financial engineering and econom

Mathematical finance has grown into a huge area of research which requires a large number of sophisticated mathematical tools. This book simultaneously introduc

An excellent basis for further study. Suitable even for readers with no mathematical background.

Swaps, futures, options, structured instruments - a wide range of derivative products is traded in today's financial markets. Analyzing, pricing and managing su