Название: The Mathematics of Arbitrage ISBN: 3540312994 ISBN-13(EAN): 9783540312994 Издательство: Springer Цена: р. Наличие на складе: Невозможна поставка.

Автор: Bj”rk, Tomas Название: Arbitrage Theory in Continuous Time ISBN: 0199271267 ISBN-13(EAN): 9780199271269 Издательство: Oxford Academ Цена: 7050 р. Наличие на складе: Поставка под заказ.

Описание: This accessible introduction to the mathematical underpinnings of finance concentrates on the probabilistic theory of continuous arbitrage pricing of financial derivatives, including stochastic optimal control theory, and Merton's fund separation theory. It includes a solved example for every new technique presented, numerous exercises, and a Further Reading list in each chapter. This new edition includes new chapters on measure theory, probability theory, Girsanov transformations, the LIBOR and Swap Market Models, and martingale representations.

Автор: Robert Dubil Название: An Arbitrage Guide to Financial Markets ISBN: 0470853328 ISBN-13(EAN): 9780470853320 Издательство: Wiley Рейтинг: Цена: 13611 р. Наличие на складе: Есть у поставщика Поставка под заказ.

Описание: An Arbitrage Guide to Financial Markets is the first book to explicitly show the linkages of markets for equities, currencies, fixed income and commodities. Using a unique structural approach, it dissects all markets the same way: into spot, forward and contingent dimensions, bringing out the simplicity and the commonalities of all markets. The book shuns stochastic calculus in favor of cash flow details of arbitrage trades. Allth is simple, but there is lots of it. The book reflects the relative value mentality of an institutional trader seeking profit from misalignments of various market segments. The book is aimed at entrants into investment banking and dealing businesses, existing personnel in non-trading jobs, and people outside of the financial services industry trying to gain a view into what drives dealers in today's highly integrated marketplace. A committed reader is guaranteed to leave with a deep understanding of all current issues. "This is an excellent introduction to the financial markets by an author with a strong academic approach and practical insights from trading experience. At a time when the proliferation of financial instruments and the increased use of sophisticated mathematics in their analysis, makes an introduction to financial markets intimidating to most, this book is very useful. It provides an insight into the core concepts across markets and uses mathematics at an accessible level. It equips readers to understand the fundamentals of markets, valuation and trading. I would highly recommend it to anyone looking to understand the essentials of successfully trading, structuring or using the entire range of financial instruments available today." ôVarun Gosain, Principal, Constellation Capital Management, New York "Robert Dubil, drawing from his extensive prior trading experience, has made a significant contribution by writing an easy to understand book about the complex world of today's financial markets, using basic mathematical concepts. The book is filled with insights and real life examples about how traders approach the market and is required reading for anyone with an interest in understanding markets or a career in trading." ôGeorge Handjinicolaou, Partner, Etolian Capital, New York "This book provides an excellent guide to the current state of the financial markets. It combines academic rigour with the author's practical experience of the financial sector, giving both students and practitioners an insight into the arbitrage pricing mechanism." ôZenji Nakamura, Managing Director, Europe Fixed Income Division, Nomura International plc, London

Автор: Wyser-Pratte Название: Risk Arbitrage ISBN: 0470415711 ISBN-13(EAN): 9780470415719 Издательство: Wiley Рейтинг: Цена: 2902 р. Наличие на складе: Есть у поставщика Поставка под заказ.

Описание: Presents an overview of risk arbitrage, how it has been used over the centuries and particularly in modern markets, with a focus on merger arbitrage. This book covers average expected returns to turning a position, cash tender offers, exchange offers, recapitalizations, spinoffs, stub situations, limited risk arbitrage, and corporate freeze-ins.

Название: Merger Arbitrage ISBN: 1118440013 ISBN-13(EAN): 9781118440018 Издательство: Wiley Рейтинг: Цена: 12522 р. Наличие на складе: Есть у поставщика Поставка под заказ.

Описание: Merger arbitrage is one of the most commonly used strategies but paradoxically one of the least known. This book describes how to implement this strategy, located at the crossroad of corporate finance and asset management, and where its risks lie through numerous topical examples.

Название: No-Arbitrage Pricing ISBN: 1420078984 ISBN-13(EAN): 9781420078985 Издательство: Taylor&Francis Рейтинг: Цена: 9073 р. Наличие на складе: Поставка под заказ.

Описание: "No-Arbitrage Pricing: Analytical and Numerical Methods" demonstrates the importance of an analytical viewpoint for the theoretical analysis of pricing and
hedging of options and other contingent claims. The authors illustrate that the majority of processes used in finance and mathematical finance are sufficiently regular; therefore, many
efficient analytical tools are applicable. They also provide guidance for the development of efficient numerical methods and show how to apply these tools to several situations that are
important in financial engineering and mathematical finance.

Topics covered include the Black-Scholes equation and the eigenfunction expansion method.

Автор: Alireza Javaheri Название: Inside Volatility Arbitrage: The Secrets of Skewness ISBN: 0471733873 ISBN-13(EAN): 9780471733874 Издательство: Wiley Рейтинг: Цена: 10890 р. Наличие на складе: Поставка под заказ.

Описание: A groundbreaking new work on assessing volatility using financial econometrics to trade against "skewness" scenarios Today's traders want to know when volatility is a sign that the sky is falling (and they should stay out of the market), and when it is a sign of a possible trading opportunity. Inside Volatility Arbitrage can help them do this. Author and financial expert Alireza Javaheri uses the classic approach to evaluating volatilitytime series and financial econometricsin a way that he believes is superior to methods presently used by market participants. He also suggests that there may be "skewness" trading opportunities that can be used to trade the markets more profitably. Filled with in-depth insight and expert advice, Inside Volatility Arbitrage will help traders discover when "skewness" may present valuable trading opportunities as well as why it can be so profitable. ALEZA JAVAHERI, (New York, NY) PhD, CFA is an adjunct researcher in the finance and economics department of Ecole des Mines de Paris. He has worked in the financial industry for many years including in Citigroup, Lehman Brothers and Goldman Sachs. He has written numerous articles in various financial journals.

Описание: In its critical assessment of the mechanics of markets today and its call for more transparent and sound financial practices, Something for Nothing powerfully engages with the moral decision making inherent in our financial system.

Название: Arbitrage Theory in Continuous Time ISBN: 019957474X ISBN-13(EAN): 9780199574742 Издательство: Oxford Academ Рейтинг: Цена: 10666 р. Наличие на складе: Поставка под заказ.

Описание: This accessible introduction to the mathematical underpinnings of finance concentrates on the probabilistic theory of continuous arbitrage pricing of financial derivatives. It includes a solved example for every new technique presented, numerous exercises, and a Further Reading list in each chapter.

Описание: Many students of financial markets and institutions learn a lot of the descriptive details about types of securities and products traded, but do not gain a real insight into what drives people to trade in these markets. They leave the classroom still believing that financial trading firms primarily speculate on the direction of the market movements or earn money from fees. They fail to grasp the concept of relative value arbitrage, which drives most of the trading in today's fast and interconnected markets. This book will teach them what money and capital markets are about through a sequence of arbitrage-based numerical illustrations and exercises enriched with institutional detail. It will explain to the reader what all the people sitting on the trading floors of financial firms do and why they all sit together. The new edition builds on the logic of the first book which is that all financial markets, whether for equity, commodities, currencies or credit, have the same structural building blocks. These are in the increasing order of complexity: spot (cash) transactions (immediate exchanges of cash for asset), forward/futures (pre-agreed-upon future exchanges of cash for asset), swaps (pre-agreed-upon sets of multiple future cash flow exchanges), and options (future exchanges of cash for asset contingent on an event or price level). These contracts are like Lego blocks continuously added together or taken apart by financial engineers to create new structured securities. The main valuation principle is simple: a whole is worth the sum of its parts. Section I explains the structural building blocks outlined above and puts them in the context of financial engineering and investment strategy. Section II is new and offers an overview of financial engineering landscape, from the general asset-backed trust structure to details of tranched mortgage securities, CDOs, exotic options and structured financial products people find offered to them in their brokerage accounts. There are no theoretical discussions of option valuation or calculus, instead Dubil gives established hedging practice, simple cash flow slicing and the building block math. Section III is also new and covers investment topics, including the standard theory of diversification leading on to buy-and-hold diversification .The objective of Section III is to explain the analytical tools used in these investment areas, relate and juxtapose them to relative value analysis of financial engineering, and to provide a deep understanding of the raison d'?tre/business model of these areas of finance. Contents Chapter 1 - The Anatomy of Financial Markets Chapter 2 - Spot Markets Chapter 3 - Forward Markets Chapter 4 - Swap Markets Chapter 5 - Option Markets Chapter 6 - Credit Derivatives II - Structured Finance and Financial Engineering Chapter 7 - Basics of Cash Flow Engineering Chapter 8 - Mortgage Backed Securities Chapter 9 - CDOs - Collateralized Debt Obligations Chapter 10 - Options Alchemy Chapter 11 - Structured Products With Options III - Investment and Trading Chapter 12 - Portfolio Theory CHAPTER 13 - Individual Investors CHAPTER 14 - Institutional Investors Chapter 15 - Hedge Funds Chapter 16 - Investment Banks, Private Equity and Venture Capital Chapter 17 - New Frontiers (optional chapter)

Описание: Minimize risk and maximize profits with convertible arbitrage Convertible arbitrage involves purchasing a portfolio of convertible securities-generally convertible bonds-and hedging a portion of the equity risk by selling short the underlying common stock. This increasingly popular strategy, which is especially useful during times of market volatility, allows individuals to increase their returns while decreasing their risks. Convertible Arbitrage offers a thorough explanation of this unique investment strategy. Filled with in-depth insights from an expert in the field, this comprehensive guide explores a wide range of convertible topics. Readers will be introduced to a variety of models for convertible analysis, "the Greeks," as well as the full range of hedges, including titled and leveraged hedges, as well as swaps, nontraditional hedges, and option hedging. They will also gain a firm understanding of alternative convertible structures, the use of foreign convertibles in hedging, risk management at the portfolio level, and trading and hedging risks. Convertible Arbitrage eliminates any confusion by clearly differentiating convertible arbitrage strategy from other hedging techniques such as long-short equity, merger and acquisition arbitrage, and fixed-income arbitrage. Nick Calamos (Naperville, IL) oversees research and portfolio management for Calamos Asset Management, Inc. Since 1983 his experience has centered on convertible securities investment. He received his undergraduate degree in economics from Southern Illinois University and an MS in finance from Northern Illinois University.

Автор: Kirchner, Thomas Название: Merger arbitrage ISBN: 0470371978 ISBN-13(EAN): 9780470371978 Издательство: Wiley Рейтинг: Цена: 11798 р. Наличие на складе: Поставка под заказ.

Описание: Offers a look at an important hedge fund strategy - merger arbitrage. This book deals with cash mergers versus stock for stock mergers, legal aspects of mergers, and pitfalls of the merger process. It helps readers understand leverage and options, shorting stocks, and legal aspects of merger arbitrage.

Описание: While statistical arbitrage has faced some tough times as markets experienced dramatic changes in dynamics beginning in 2000 new developments in
algorithmic trading have allowed it to rise from the ashes of that fire. Based on the results of author Andrew Pole's own research and experience running a statistical arbitrage hedge
fund for eight years in partnership with a group whose own history stretches back to the dawn of what was first called pairs trading this unique guide provides detailed insights into the
nuances of a proven investment strategy. Filled with in-depth insights and expert advice, "Statistical Arbitrage" contains comprehensive analysis that will appeal to both investors
looking for an overview of this discipline, as well as quants looking for critical insights into modeling, risk management, and implementation of the strategy.

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