《ExoticOpti块观布须团则材态onsTrading奇异期权交易》是2008年出版的图书，作者是FransdeWeert。
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Written by an experienced trader and consultant, Frans de Weert's E纸分车画味继并缺拉名xotic Options Trading offers a risk–focused approach to the pricing of exotic options. By giving readers the necessary tools to understan来自d exotic option360百科s, this book 一饭条较蒸均刑迅例serves as a manual to equip the reader with the skills to price and risk manage the most com促倒离湖皇业蛋mon and the most complex exotic options. De Weert begins by expla高头香罗探ining the risks associated with trading an exotic option before dissecting these risks throu略井须州gh a detailed analysis of the actual economics and Greek缩自余破渐s rather than solely stating the mathem气安干另比十存意侵刚儿atical formulae. The book limits the use of mathematics to explain exotic options from an ec派地副onomic and risk perspecti止尔首额历ve by means of real life examples l但被立eading to a p指判脸造居支宗ractical inte盐望袁究甚汽清妈型教超rpretation of the mathematical pricing formulae. The book 某执车办序物呢执临督调covers conventional options, digital options, barrier options, cliquets, quanto options, outperformance options and variance 企swaps, and explains difficult concepts in simple terms, with a practical approach t括古hat gives the reader a full understanding of every aspect of each exotic option. The book also discusses structured notes with ex治慢otic options embedded in them, such a假庆培做治围派火笔s reverse convertibles, callable and puttable re照临班对置很verse convertibles and autocallables and shows the rationale behind these structures and their associated risks. For each exotic option, the author makes clear why there is an investor demand; explains where the risks lie and how this affects the actual pricing; shows how best to hedge any vega or gamma exposure embedded in the exotic option and discusses the skew exposure. By explaining the practical implications for every exotic option and how it affects the price, in addition to the necessary mathematical derivations and tools for pricing exotic options, Exotic Options Trading removes the mystique surrounding exotic options in order to give the reader a full understanding of every aspect of each exotic option, creating a useable tool for dealing with exotic options in practice. "Although exotic options are not a new subject in finance, the coverage traditionally afforded by many texts is either too high level or overly mathematical. De Weert′s exceptional text fills this gap superbly. It is a rigorous treatment of a number of exotic structures and includes numerous examples to clearly illustrate the principles. What makes this book unique is that it manages to strike a fantastic balance between the theory and actual trading practice. Although it may be something of an overused phrase to describe this book as compulsory reading, I can assure any reader they will not be disappointed." -Neil Schofield, Training Consultant and author of Commodity Derivatives: Markets and Applications "Exotic Options Trading does an excellent job in providing a succinct and exhaustive overview of exotic options. The real edge of this book is that it explains exotic options from a risk and economical perspective and provides a clear link to the actual profit and pricing formulae. In short, a must read for anyone who wants to get deep insights into exotic options and start trading them profitably." -Arturo Bignardi
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