| Financial Engineering and Arbitrage in the Financial Markets 2e This book is an easy-to-understand guide to the complex world of today's financial markets teaching you what money and capital markets are about through a sequence of arbitrage-based numerical illustrations and exercises enriched with institutional detail. Filled with insights and real life examples from the trading floor, it is essential reading for anyone starting out in trading. Using a unique structural approach to teaching the mechanics of financial markets, the book dissects markets into their common building blocks: spot (cash), forward/futures, and contingent (options) transactions. After explaining how each of these is valued and settled, it exploits the structural uniformity across all markets to introduce the difficult subjects of financially engineered products and complex derivatives. The book avoids stochastic calculus in favour of numeric cash flow calculations, present value tables, and diagrams, explaining options, swaps and credit derivatives without any use of differential equations. ROBERT DUBIL has been an Associate Professor in the finance department at the University of Utah since 2005. Prior to this he was Chief Strategist at HedgeStreet where he also wrote a blog as Dr Bob, and has held positions at UBS as Head of Quantitative Research and Fixed Income Options Trading; Chase Manhattan as Head of Exotics; Merrill Lynch as a Fixed Income Derivatives Trader, and latter as Director of Analytics in the Corporate Risk Management Group; Nomura; and J.P. Morgan. Professor Dubil holds a PhD and MBA from the University of Connecticut and an MA from Wharton. He published An Arbitrage Guide to Financial Markets (John Wiley & Sons, Ltd) in 2004 and has written a number of book chapters and articles on liquidity, derivatives and personal finance that have appeared in the Journal of Applied Finance , Financial Services Review , Journal of Wealth Management , Journal of Investing , and the Journal of Financial Planning . In Robert's spare time he enjoys piano, skiing the greatest snow on earth and tennis. His second serve could use a lot of improvement though. |