What do you think?
Rate this book
Trading and Pricing Financial Derivatives: A Guide to Futures, Options, and Swaps
Trading and Pricing Financial Derivatives is an introduction to the world of futures, options, and swaps. It is a suitable textbook for undergraduate and graduate courses in finance. Many self study investors who are interested in deepening their knowledge of derivatives may find the book useful. The book was written by the authors for use as a core textbook at King's College London, England, where they both teach. This book is designed for a general audience and is suitable for beginners through to those with intermediate knowledge. While it is not possible to fully understand the subject manner without any mathematics, this book does not presuppose advanced mathematical knowledge, and tries to explain every concept as clearly as possible. Patrick Boyle and Jesse McDougall have worked in the financial markets since the late 1990’s at international investment banks and hedge funds. They also teach derivatives and investment courses at the Master's level to economics and finance students.
- GenresFinance
322 pages, Paperback
Published December 7, 2015
8 people are currently reading
108 people want to read
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 of 1 review
June 20, 2021
Patrick Boyle is amazingly good at explaining financial concepts, and has an impressive ability to tell stories as well. For this, the book is easily worth 5 stars. And I would strongly recommend readers to look up his channel on YouTube to see more of this.
But this book should not have been published in the first place, because it has obviously not been proof read! The mistakes in it are so numerous and extreme that it makes parts of it unreadable. This is specifically the case where equations are introduced, which expectedly is a major part of this book. How about introducing an equation but forgetting to define the meaning of a variable "K"? Or reasoning about "delta-hedging" to explain an equation, while at the same time saying that this concept will instead be explained much later in the book - as if it was written backwards. It's actually worse - it's circular, since that later chapter refers back to this equation! There are lots of typos and even unfinished sentences. My favorite example is probably the binomial tree graph with "lorem ipsum" subscripted at two nodes. This is not a book, this is a draft! It deserves negative rating on this point.
And still I just can't put it down. It is inspiring, it triggers so many ideas, it explains so many concepts in such a clear way.
Dear authors - please revise it!
But this book should not have been published in the first place, because it has obviously not been proof read! The mistakes in it are so numerous and extreme that it makes parts of it unreadable. This is specifically the case where equations are introduced, which expectedly is a major part of this book. How about introducing an equation but forgetting to define the meaning of a variable "K"? Or reasoning about "delta-hedging" to explain an equation, while at the same time saying that this concept will instead be explained much later in the book - as if it was written backwards. It's actually worse - it's circular, since that later chapter refers back to this equation! There are lots of typos and even unfinished sentences. My favorite example is probably the binomial tree graph with "lorem ipsum" subscripted at two nodes. This is not a book, this is a draft! It deserves negative rating on this point.
And still I just can't put it down. It is inspiring, it triggers so many ideas, it explains so many concepts in such a clear way.
Dear authors - please revise it!
Displaying 1 of 1 review