By
Geoffrey Poitras, Simon Fraser University, Burnaby, British Columbia, Canada
Description
Its unified treatment of derivative security applications to both risk management and speculative trading separates this book from others.
Presenting an integrated explanation of speculative trading and risk management from the practitioner's point of view,
Risk Management,
Speculation, and Derivative Securities is the only standard text on financial risk management that departs from the perspective
of an agent whose main concerns are pricing and hedging derivatives. After offering a general framework for risk management and speculation
using derivative securities, it explores specific applications to forward contracts and options. Not intended as a comprehensive introduction
to derivative securities,
Risk Management, Speculation, and Derivative Securities is the innovative, useful approach
that addresses new developments in derivatives and risk management.
Audience:
Professionals and graduate students working in the areas of finance, financial risk management, and financial engineering.
