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Financial Derivatives: An Introduction to Futures, Forwards, Options and Swaps
 
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Financial Derivatives: An Introduction to Futures, Forwards, Options and Swaps (Paperback)

by Keith Redhead (Author)
4.0 out of 5 stars See all reviews (1 customer review)
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Customers buy this book with All About Derivatives: The Easy Way to Get Started (All About Series) by Michael Durbin

Financial Derivatives: An Introduction to Futures, Forwards, Options and Swaps + All About Derivatives: The Easy Way to Get Started (All About Series)
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Product details

  • Paperback: 390 pages
  • Publisher: Prentice Hall (31 Oct 1996)
  • Language English
  • ISBN-10: 013241399X
  • ISBN-13: 978-0132413992
  • Product Dimensions: 23.2 x 16.8 x 2.6 cm
  • Average Customer Review: 4.0 out of 5 stars See all reviews (1 customer review)
  • Amazon.co.uk Sales Rank: 696,115 in Books (See Bestsellers in Books)
  • See Complete Table of Contents

Product Description

Product Description
A broad-based introduction to financial derivatives which covers both the technical aspects of these instruments and the markets in which they are traded, and the underlying concepts. The text balances out rigour and accessibility through a clear writing style, a graduated mathematical treatment, and the integration of numerous examples and worked activities to illustrate the application of techniques and facilitate self-assessment.

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6 of 6 people found the following review helpful:
4.0 out of 5 stars Simple, yet full of intuition, 7 Jan 2004
By A Customer
Redhead's book deserves to be known by a wider audience, given the lack of decent textbooks out there, despite their great numbers. This book has very little advanced algebra. It therefore does not follow common practice whereby an author's lack of intuition is hidden behind formulae. Do not misunderstand me, I am a high tech guy. But let's face it, very few books, especially the common ones such as Hull, provide the reader with any intuition. Why is vega typically positive and why is a call's rho typically positive? Where do options get their (time) value from anyhow? You will not find the answers in most textbooks, but you will in this one, all from basic principles, solid intuition and simple examples. I reckon that many students of derivatives pricing, even those having mastered Hull and above, will finally be able to put all pieces together after having read this book. Only the legendary books by Cox&Rubinstein and by Ingersoll have more intuition (but at a more technical level), and this book shares one problem with Cox and Rubinstein that it is a bit dated by now and would need a new edition.
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