"The aim of this book is to present a clear exposition of key results on pricing, hedging and speculation using derivative securities. The emphasis is on drawing out the practical uses of derivatives. The reader needs only to have undertaken an introductory course in finance, together with some basic statistics and simple algebra, including calculus. The mathematics and statistics have been kept to a minimum, with the emphasis on intuitive explanations and practical applications. For those requiring some revision of basic finance concepts, these can be found in a companion text, Investments, 2nd edition (K. Cuthbertson and D. Nitzsche, John Wiley)"--
KEITH CUTHBERTSON is professor of Finance at CASS Business School, City, University of London. He has worked at H.M.Treasury, Bank of England, National Institute of Economic and Social Research NIESR and at business schools at Imperial College London and the University of Newcastle.
DIRK NITZSCHE is Senior Lecturer in Finance, Course Director for the Quants Masters Programmes, and Associate Dean for International Relations at CASS Business School, City, University of London.
NIALL O' SULLIVAN is professor of economics at Cork University Business School, University College Cork and former adjunct lecturer at Dublin City University Business School.