Description
A practical guide to the inside language of the world of derivative instruments and risk management
Financial engineering is where technology and quantitative analysis meet on Wall Street to solve risk problems and find investment opportunities. It evolved out of options pricing, and, at the moment, is primarily occupied with derivatives since they’re essentially the most difficult instruments to price and are also the riskiest. Not only is financial engineering a rather new field, but by its nature, it continues to grow and develop. This unique dictionary explains and clarifies for financial professionals the vital terms, concepts, and now and again arcane language of this an increasing number of influential world of high finance and potentially high profits.
John F. Marshall (New York, NY) is a Managing Partner of Marshall, Tucker & Associates, a New York-based financial engineering and consulting firm. Former Executive Director of then International Association of Financial Engineers, Marshall is the writer of a few books, including Understanding Swaps.