An essential guide to real–world derivatives trading FX Derivatives Trader School is the definitive guide to the technical and practical knowledge required for successful foreign exchange derivatives trading. Accessible in style and comprehensive in coverage, the book guides the reader through both basic and advanced derivative pricing and risk management topics. The basics of financial markets and trading are covered, plus practical derivatives mathematics is introduced with reference to real–world trading and risk management. Derivative contracts are covered in detail from a trader?s perspective using risk profiles and pricing under different derivative models. Analysis is approached generically to enable new products to be understood by breaking the risk into fundamental building blocks. To assist with learning, the book also contains Excel practicals which will deepen understanding and help build useful skills. The book covers of a wide variety of topics, including: Derivative exposures within risk management Volatility surface construction Implied volatility and correlation risk Practical tips for students on trading internships and junior traders Market analysis techniques FX derivatives trading requires mathematical aptitude, risk management skill, and the ability to work quickly and accurately under pressure. There is a tremendous gap between option pricing formulas and the knowledge required to be a successful derivatives trader. FX Derivatives Trader School is unique in bridging that gap. INDICE: Preface .Acknowledgments .Part I: The Basics .Chapter 1: Introduction to Foreign Exchange .Chapter 2: Introduction to FX Derivatives .Chapter 3: Introduction to TradingPractical A: Building a Trading Simulator in Excel .Chapter 4: FX Derivatives Market Structure .Chapter 5: The Black–Scholes FrameworkPractical B: Building a Numerical Integration Option Pricer in Excel .Chapter 6: Vanilla FX Derivatives GreeksPractical C: Building a Black–Scholes Option Pricer in Excel .Chapter 7: Vanilla FX Derivatives Pricing .Chapter 8: Vanilla FX Derivatives Structures .Chapter 9: Vanilla FX Derivatives Risk Management .Chapter 10: Vanilla FX Derivatives Miscellaneous TopicsPractical D: Generating Tenor Dates in Excel .Part II: The Volatility Surface .Chapter 11: ATM Curve ConstructionPractical E: Constructing an ATM Curve in Excel .Chapter 12: Volatility Smile Market Instruments and ExposuresPractical F: Constructing a Volatility Smile in Excel .Chapter 13: Probability Density FunctionsPractical G: Generating a Probability Density Function from Option Prices in Excel .Part III: Vanilla FX Derivatives Trading .Chapter 14: Vanilla FX Derivatives Trading Exposures .Chapter 15: Vanilla FX Derivatives Trading Topics .Chapter 16: ATM Volatility and Correlation .Chapter 17: FX Derivatives Market Analysis .Part IV: Exotic FX Derivatives .Chapter 18: Exotic FX Derivatives Pricing .Chapter 19: FX Derivatives Pricing Models .Chapter 20: Exotic FX Derivatives Product Classification .Chapter 21: European Digital Options .Chapter 22: European Barrier Options .Chapter 23: Touch Options .Chapter 24: American Barrier Options .Chapter 25: Exotic FX Derivatives Trading Topics .Chapter 26: Window and Discrete Barrier OptionsPractical H: Building a Monte Carlo Option Pricer in Excel .Chapter 27: Vanilla Variations .Chapter 28: Accrual and Target Redemption Options .Chapter 29: Asian Options .Chapter 30: Multi–Asset Options .Chapter 31: Miscellaneous Options .Further Reading .About the Companion Website .Index
- ISBN: 978-1-118-96745-4
- Editorial: John Wiley & Sons
- Encuadernacion: Rústica
- Páginas: 624
- Fecha Publicación: 22/07/2015
- Nº Volúmenes: 1
- Idioma: Inglés