Implementing Derivative Models (Wiley Series in Financial Engineering)

Implementing Derivatives Models Les Clewlow and Chris Strickland Derivatives markets, particularly the over the counter market in complex or exotic options, are continuing to expand rapidly on a global scale, However, the availability of information regarding the theory and applications of the numerical techniques required to succeed in these markets is limited. This lack of information is extremely damaging to all kinds of financial institutions and consequently there is enormous demand for a source of sound numerical methods for pricing and hedging. Implementing Derivatives Models answers this demand, providing comprehensive coverage of practical pricing and hedging techniques for complex options. Highly accessible to practitioners seeking the latest methods and uses of models, including
The Binomial Method
Trinomial Trees and Finite Difference Methods
Monte Carlo Simulation
Implied Trees and Exotic Options
Option Pricing, Hedging and Numerical Techniques for Pricing Interest Rate Derivatives
Term Structure Consistent Short Rate Models
The Heath, Jarrow and Morton Model
Implementing Derivatives Models is also a potent resource for financial academics who need to implement, compare, and empirically estimate the behaviour of various option pricing models. Finance/Investment