Derivative-security

This is a great book for someone who is hoping to steal financial engineering practices from one industry to apply them in another. I loved this book- we've already ordered two more copies for people in my work group. Experienced or neophyte, if you're into risk management and/or developing new financial instruments get this one

The book is the result of an exhaustive research whose main goal is to help to understand the context of derivatives. Although these are new instruments, they are not a just made creation. Therefore it is important to understand their various application and its background.

If you have shopped around you may be aware that this is one of the only books available that is dedicated to pricing derivatives using C++. Perhaps like me as a student of Pure and Applied Mathematics you have wondered why all those Financial Engineering grad schools are pushing so hard for C++.
You can expect that this book will introduce you to a set of traditional algorithms for option pricing at a basic level. It will be helpful if you already know standard C++, and also if you have seen mathematical models of what is being implemented here.

This book has the contents that a graduate student will look for in a course that covers derivatives application development using C++. Dr. Brooks book is by far the best I have ever scanned for the purpose of finance. For a quant analyst position it is important to understand how to generate various mathematical tools using C++ and the book covers such code in details. The book covers Lattice based solutions through extensive coding of Black Derman and Toy, Monte Carlo simulation, curve fitting techniques and iterative numerical solutions technique .The most attractive part of this book is the simplistic approach to mathematical complexities and Dr. Brooks excels in handling the mathematics and the language. His examples are in Borland C++ so VC or other C users need not be intimidated as the basic C++ principles are the same for any type of proprietary C++ language. In fact Borland is a good way to get introduced to the visual C++ modeling approach at the graduate level, it definitely reduces the entry barrier into coding.

One of the best books in the market. I enjoyed reading it.

This book gives a very good review for beginners investing in the US bond market only. If you are a professional it is more a dictionnary, it doesn't analyse properly instruments. I would like to finally see an author able to understand that a bond is a bond, and a book like that should focus on this and not to give us a extensive listing of all US bonds in the market ....Second USA are not anymore the only financial market in the world : so "International" chapter should be at least as important as the rest of the exercise...