电子书百科大全
From Instruments to Strategies: How Derivatives Are Used in Practice
Author(s): Frank J Fabozzi (Author)
- Publisher: World Scientific Publishing
- Publication Date: April 13, 2026
- Language: English
- Print length: 556 pages
- ISBN-10: 1800619391
- ISBN-13: 9781800619395
Book Description
The book adopts a modular structure that lets readers engage with derivatives from multiple entry points. Part 1 examines why organizations adopt derivatives, establishing the conceptual foundations that govern their use and misuse. Part 2 surveys the major derivative instruments and market structures, including forwards, futures, swaps, options, and structured and credit products. Part 3 turns to derivative strategies, covering speculative and hedging applications, portfolio integration, and backtesting, and reframes earlier concepts in terms of implementation and real-world applications. Part 4 examines institutional practice across corporate treasury, commercial banking, and investment banking, showing how identical instruments serve different purposes across balance sheets and client settings. Part 5 develops no-arbitrage valuation for forwards and futures, the probabilistic foundations of option pricing, discrete-time lattice methods, the Black–Scholes–Merton framework, and swap valuation, emphasizing assumptions, limitations, and market realities.
Pedagogically, From Instruments to Strategies builds intuition before formalism. Market structure essentials, such as clearing, daily mark-to-market, and margining for exchange-traded derivatives, are presented to link theory with trading mechanics. The objective is to demystify derivatives, not as villains or saviors, but as tools whose impact depends on how they are used.
Editorial Reviews
About the Author
{"@context":"https://schema.org","@type":"Book","name":"From Instruments to Strategies: How Derivatives Are Used in Practice","image":"https://m.media-amazon.com/images/I/41FUYE+U1LL._SY445_SX342_FMwebp_.jpg","author":{"@type":"Person","name":"Frank J Fabozzi (Author)"},"publisher":{"@type":"Organization","name":"World Scientific Publishing"},"datePublished":"April 13, 2026","isbn":"9781800619395","numberOfPages":556,"inLanguage":"English","description":"This book is an application-first, practice-grounded guide to derivatives. Its aim is to show how derivatives are used by asset management firms, corporations, and commercial and investment banks to solve real financial problems without turning the reader into a pricing specialist. It emphasizes application over abstraction while still covering valuation frameworks in their practical context. The book adopts a modular structure that lets readers engage with derivatives from multiple entry points. Part 1 examines why organizations adopt derivatives, establishing the conceptual foundations that govern their use and misuse. Part 2 surveys the major derivative instruments and market structures, including forwards, futures, swaps, options, and structured and credit products. Part 3 turns to derivative strategies, covering speculative and hedging applications, portfolio integration, and backtesting, and reframes earlier concepts in terms of implementation and real-world applications. Part 4 examines institutional practice across corporate treasury, commercial banking, and investment banking, showing how identical instruments serve different purposes across balance sheets and client settings. Part 5 develops no-arbitrage valuation for forwards and futures, the probabilistic foundations of option pricing, discrete-time lattice methods, the Black–Scholes–Merton framework, and swap valuation, emphasizing assumptions, limitations, and market realities. Pedagogically, From Instruments to Strategies builds intuition before formalism. Market structure essentials, such as clearing, daily mark-to-market, and margining for exchange-traded derivatives, are presented to link theory with trading mechanics. The objective is to demystify derivatives, not as villains or saviors, but as tools whose impact depends on how they are used.","url":"https://www.amazon.com/dp/1800619391/","bookFormat":"http://schema.org/EBook","additionalType":"http://schema.org/PDF","fileSize":"91 MB","accessibilityFeature":["login required","member access only"],"accessibilitySummary":"PDF version available to authenticated members only. File size: 91 MB."}
评论前必须登录！
立即登录 注册