7 of 7 people found the following review helpful
on 14 April 2011
This is a bit different from some of the other books around on this subject. Physically, it is a well-produced hardback rather than a paperback, though selling at a reasonable price. (I see there is also a Kindle edition out now.) The content can be read by anyone with an interest in finance and avoids complex mathematics by using lots of simple examples. It follows a logical sequence: 'step-by-step' as it says in the title. Overall a great introduction and easy to follow.
5 of 5 people found the following review helpful
on 9 September 2010
I have a copy of the first edition but this is a great update. It starts from basics and is very easy to follow. It then covers a lot of ground, including the more exotic options and products such as CDOs, but always in a very clear way. I would thoroughly recommned the book for anyone who wants to get to grip with financial derivatives.
7 of 8 people found the following review helpful
on 31 July 2010
I am a big fan of Chisholm's books and judging from the favourable reviews from the first edition and his 'Introduction to capital markets' that sentiment is shared by many. There is no waffle here just clearly explained concepts that cover the major derivative markets. There is no 'geeky' mathematics as any numerical examples are relevant and clearly laid out.
This is a comprehensive guide that will answer most readers' queries without having to refer elsewhere.