This book, first published in 2000, addresses pricing and hedging derivative securities in uncertain and changing market volatility.

Building upon the ideas introduced in their previous book, Derivatives in Financial Markets with Stochastic Volatility, the authors study the pricing and hedgin

This book introduces readers to the financial markets, derivatives, structured products and how the products are modelled and implemented by practitioners. In a

The famous Black-Scholes model was the starting point of a new financial industry and has been a very important pillar of all options trading since. One of its

A step-by-step explanation of the mathematical models used to price derivatives. For this second edition, Salih Neftci has expanded one chapter, added six new o