{"product_id":"978-1-918177-21-3","title":"978-1-918177-21-3","description":"\u003cp\u003eFX options is the most technically demanding segment of the foreign exchange market. This is a working reference for the people who trade it, price it and carry the risk.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e788 pages. 144 figures. Six parts.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eFOUNDATIONS. Option mechanics and market conventions. Black-Scholes and its Garman-Kohlhagen extension for two interest rates. Forward pricing, discounting and settlement.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eVOLATILITY TRADING. The Greeks as working tools rather than partial derivatives. Volatility surface construction and dynamics: smile, skew, risk reversals, butterflies, term structure.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eEXOTIC OPTIONS. Barriers, digitals, Asians, baskets, lookbacks and variance swaps. Pricing, hedging behaviour near barriers, and the discontinuities that make these instruments hard to risk-manage.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eSTRUCTURED PRODUCTS. Zero-cost collars, participating forwards, accumulators and target redemption structures. How they are assembled, and where the embedded risk sits.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eMARKET MICROSTRUCTURE. Request-for-quote mechanics, liquidity provision, spread formation and behaviour under stress.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eINSTITUTIONAL APPLICATIONS. Risk limits and their calibration. Capital treatment under FRTB. Hedge accounting. Desk structure and mandate design.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eWorked examples throughout, with the arithmetic shown. Conventions stated explicitly and dated where they have changed. Coverage reflects current practice: ISDA definitions, FRTB, IFRS 9.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eFor FX options traders, quantitative analysts, risk managers, treasury professionals and structurers. Familiarity with FX spot and forwards is assumed and covered in Book 1. Prior derivatives experience is not required.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eBook 2 of the Foreign Exchange Markets Professional Series. Foreword by David Axtell.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eLuigi Pascal Rondanini has spent 38 years in foreign exchange markets.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eEducational material. Not investment advice.\u003c\/p\u003e","brand":"Rondanini Publishing Ltd","offers":[{"title":"Perfect Bound","offer_id":67399983661360,"sku":"9781918177213","price":74.99,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/www.thegreatbritishbookshop.co.uk\/products\/978-1-918177-21-3","provider":"The Great British Bookshop","version":"1.0","type":"link"}