Financial engineering and arbitrage in the financial markets /

Dubil, Robert.

Financial engineering and arbitrage in the financial markets / Robert Dubil. - Chichester, West Sussex, UK ; Hoboken, NJ : John Wiley, 2011. - 1 online resource (xii, 367 pages). - Wiley finance . - Wiley finance series. .

Includes bibliographical references and index.

Financial Engineering and Arbitragein the Financial Markets; Contents; Introduction; 1 Purpose and Structure of Financial Markets; 1.1 Overview of Financial Markets; 1.2 Risk Sharing; 1.3 Transactional Structure of Financial Markets; 1.4 Arbitrage: Pure Versus Relative Value; 1.5 Financial Institutions: Transforming Intermediaries vs Broker-Dealers; 1.6 Primary (Issuance) and Secondary (Resale) Markets; 1.7 Market Players: Hedgers vs Speculators; 1.8 Preview of the Book; PART I RELATIVE VALUE BUILDING BLOCKS; 2 Spot Markets; 2.1 Bonds and Annual Bond Math; 2.1.1 Zero-Coupon Bond.

A whole is worth the sum of its parts. Even the most complex structured bond, credit arbitrage strategy or hedge trade can be broken down into its component parts, and if we understand the elemental components, we can then value the whole as the sum of its parts. We can quantify the risk that is hedged and the risk that is left as the residual exposure. If we learn to view all financial trades and securities as engineered packages of building blocks, then we can analyze in which structures some parts may be cheap and some may be rich. It is this relative value arbitrage principle that drives a.



9781119950622 1119950627 9781118467343 1118467345

10.1002/9781118467343 Wiley InterScience http://www3.interscience.wiley.com




Financial engineering.
Arbitrage.
Capital market.
Investments--Mathematics.
Arbitrage.
Capital market.
Financial engineering.
Investments--Mathematics.
BUSINESS & ECONOMICS--Finance.
Arbitrage.
Capital market.
Financial engineering.
Investments--Mathematics.


Electronic books.

HG4523 / .D83 2011eb

332/.041