Options, futures and other derivatives, this book is a classic introduction to derivatives. This book introduces the operation mechanism of futures market, futures hedging strategy, futures and futures pricing, option operation and pricing, covering B-S model, CAPM model and so on. This book cleverly avoids complicated mathematics, and is easy to understand except for a slightly complicated model. The current version has been printed three times in 2004, and it is not difficult to see its influence. Volatility trading: a guide for option quantitative traders. This book covers the basic knowledge of option pricing, hedging and fund management. The author also considers many psychological factors, such as factors that drive trading decisions, people's emotional bias and so on. He also made a quantitative analysis of these factors.
Pricing the future: the history of quantitative finance that shocked Wall Street, quantification is always related to asset pricing model, arbitrage pricing model, option pricing model and efficient market theory. The author traces back to history, from tulip bubble to? Blake Scholes? Option pricing formula, from the development of Brownian motion probability theory and integral theory, sees the integration of financial pricing theory and mathematical theory and method. The king of hedging: the legend of quantitative investment on Wall Street. The king of hedging began with Basillier, the first discoverer of mathematical finance. From a more microscopic point of view, how the random walk model was born and how the embryonic form of efficient market theory was obtained.
"High-frequency trader", the market is like a mind-reading, accurately reading your trading and the corresponding ups and downs. You start to wonder, are you crazy or is the world crazy? Brad, the hero of this book? This is the holy mountain. The most important thing in high-frequency trading is speed, and there may be a million-dollar spread in the blink of an eye. So who is manipulating the market? What is a screen The Secret Behind? This book will take you into the world of high-frequency trading in simple terms. Gambler, a long-term capital management company, comes from a glittering Nobel laureate in economics, a former vice chairman of the Federal Reserve and a gold medal trader on Wall Street, and claims it? The intelligence density per square inch is higher than anywhere on earth? . In just three years, he became the most popular star on Wall Street, and almost controlled the top investment banks on Wall Street, with rich returns. The assets of this dazzling team plunged from $4.8 billion to $500 million in just 150 days, with a loss of over 90%. Finally, on September 23rd, 1998, the Federal Reserve joined forces with major investment banks, commercial banks and investment institutions to bail out and take over its business.