Options on Foreign Exchange

By David F. DeRosa

The currency options market is the world's largest option market. Financial institutions and investment managers continually have to acquire higher levels of expertise to capitalize on this important subject, whether that be for hedging or speculative purposes. This completely revised and updated edition provides succinct explanations of the various types of fx options, pricing, and trading strategies. Written by a leading practitioner, it contains new chapters on barrier and exotic currency options, and covers basic terminology, fx basics, valuation, volatility, option market making, risk control, and exotic options.

• Format: Hardcover
• Language: English
• ISBN: 0471316415
• ISBN13: 9780471316411
• Release Date: January 2000
• Publisher: Wiley
• Length: 240 Pages
• Weight: 1.15 lbs.
• Dimensions: 0.9" x 6.3" x 9.3"

Customer Reviews

Non-technical but intuitive

This book is a nice introduction to the subject. A trader would benefit from reading the text more than a financial engineer would. It may be a good idea to read the author's "Currency Derivatives," as well. People who have read any text at the level of Hull or higher are advised to move on to "Currency Derivatives" directly.

Updated Second Edition

This second edition has been greatly expanded with materials on the mechanics of the foreign exchange and options markets. The sections on the international monetary system have been updated, especially with respect to the European monetary system. New sections have been added on exotic currency options, specifically on barriers, average rate, basket and quantos options. There are two new chapters, one on currency option applications and another on currency overlay management.