This book provides a broad description of the financial derivatives business from a practitioner's point of view, with a particular emphasis on fixed income derivatives, a specific development on fixed income derivatives and a practical approach to the field. With particular emphasis on the concrete usage of mathematical models, numerical methods and the pricing methodology, this book is an essential reading for anyone considering a career in derivatives either as a trader, a quant or a structurer.

Contents:

• Standard Products and Markets
• The Vanilla Products
• Introduction to Financial Modeling
• The Black–Scholes Model
• Fixed Income Basis
• Smile Modeling
• Yield Curve Modeling
• Inflation
• Hybrid Models
• Product Catalog and Usage
• Third Generation Trading System and Its Undermining Copernican Revolution