Market Risk Analysis, Pricing, Hedging and Trading Financial Instruments

Well written, well explained. Many comprehensive examples.

Nice product.

Carol Alexander work is only to show off her math skills. she does not exert effort to simplify the matters or show concisely the applications of the formula. reading her books i have a feeling is that her joy is confined to filling the pages with formula and arcane symbols

This volume covers all aspects of pricing, hedging and trading of financial instruments. The book has many practical exmaples not provided in other books. Excellent for undergraduate and graduate classes. Matlab codes and excel spreadsheets with codes are included making this one of the best and most practical books on the subject. By far the leader when compared to other smiliar books. I am sure the students will love the book as well as money managers, and academics, etc. A work of art by Professor Carol Alexander as with all the books in this series.Dr. Greg N. Gregoriou, PhDProfessor of FinanceState University of New York (Plattsburgh)

I've been a big fan of Professor Alexander's work ever since I had her ground-breaking book "Market Models" on the structured finance desk with me at JPMorgan Chase back in 2001. She writes beautifully and accessibly, and this book is no different. Highly recommended to practitioners as well as graduate students, this book combines just the right amount of theoretical background with practical application. Given the flight-to-quality that the markets have witnessed in the last 12 months, it may well be that more exotic products fall back in popularity in the near future; however, this book gives a firm grounding in the complete range of products, vanilla to exotic. Required reading for the trading desk!

I worked as a TA for my professor this semester and he chose to use this one as the textbook for his "Financial Instrument Pricing" class, and also gave me one copy.After reading many chapters, i find this book provides a more quantitative insight on derivative models than Hull's Bible, which actually designed for MBAs. Detailed explanation about models and their calibration are very helpful.

Alexander's books are a treasure trove of material for risk managers, and this one is no exception. She is able to make complex material accessible to intelligent readers. The book is full of examples to illustrate the ideas presented. The chapter on volatility is the highlight for me.

This book [volume 3] is as badly and obscurely written as volume 1. Difficult logic in the derivations, making it hard to follow many pages in the flow.As with volume 1, a better alternative is to look for example as Fabozzi's long set of financial books. Those tend to be better written and easier reads.