Mathematics of the Financial Markets

Mathematics of the Financial Markets Financial Instruments and Derivatives Modeling, Valuation and Risk Issues &quote;Alain Ruttiens has the ability to turn extremely complex concepts and theories into very easy to understand notions. I wish I had read his book when I started my career!&quote; Marco Dion, Global Head of Equity Quant Strategy, J.P. Morgan &quote;The financial industry is built on a vast collection of financial securities that can be valued and risk profiled using a set of miscellaneous mathematical models. The comprehension of these models is fundamental to the modern portfolio and risk manager in order to achieve a deep understanding of the capabilities and limitations of these methods in the approximation of the market. In his book, Alain Ruttiens exposes these models for a wide range of financial instruments by using a detailed and user friendly approach backed up with real-life data examples. The result is an excellent entry-level and reference book that will help any student and current practitioner up their mathematical modeling skills in the increasingly demanding domain of asset and risk management.&quote; Virgile Rostand, Consultant, Toronto ON &quote;Alain Ruttiens not only presents the reader with a synthesis between mathematics and practical market dealing, but, more importantly a synthesis of his thinking and of his life.&quote; Ren Chopard, CEO, Centro di Studi Bancari Lugano, Vezia / Professor, Universit dell'Insubria, Varese &quote;Alain Ruttiens has written a book on quantitative finance that covers a wide range of financial instruments, examples and models. Starting from first principles, the book should be accessible to anyone who is comfortable with trading strategies, numbers and formulas.&quote; Dr Yuh-Dauh Lyuu, Professor of Finance & Professor of Computer Science & Information Engineering, National Taiwan University