All About
3 total works
Everything You Need to Know, including: the internal configuration of a high-frequency trading system; comparisons of benefits and drawbacks, as well as analyses of inherent risks; who profits from high-frequency trading - and how they do it. Michael Durbin is an author and financial technology consultant specializing in the high-frequency trading of derivatives. He has taught at Duke University's Fuqua School of Business and the University of North Carolina's Kenan-Flagler Business School. Durbin lives near Washington, DC.
The answer to trading profit growth lies in derivatives. All About Derivatives explains the major derivatives and their key features of each; vital mechanical issues such as storage, settle- ment, valuation, and payoff; and common types of risk and how to effectively hedge against them. Michael Durbin is known as a derivatives trader and manager for one of the world's largest, most high-profile hedge funds.
All About Derivatives, Second Edition, presents the complex subject of financial derivatives with a clarity and coherence you won’t find in other books. Using real-world examples and simple language, it lucidly illustrates what derivatives are and why they are so powerful. This second edition of All About Derivatives provides a rock-solid foundation on:
- The most common contracts available to you in today's market
- Key concepts such as cost of carry, settlement, valuation, and payoff
- Proven methods for establishing fair value
- How leverage can work for you--and against you
- The various derivative contracts traded today, including forwards, futures, swaps, and options
- Pricing methods and mathematics for determining fair value
- Hedging strategies for managing and reducing different types of risk
INCLUDES A BRAND-NEW CHAPTER ON THE ROLEDERIVATIVES PLAYED IN THE 2008 FINANCIAL MELTDOWN