Abstract
The bulk of this book is not about derivatives — it’s about the simple building blocks which are fundamental to working in a financial institution. We’ve been less concerned with esoteric deals which are much talked-about but little-traded. Vanilla options, however, are in a middle ground: while forming a small fraction of the total volume of a typical equities business, they are traded enough to justify proper discussion.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
Further reading
Avellaneda, M. (n.d.) ‘Trinomial Trees and Finite-Difference Schemes’, http://www.math.nyu.edu/faculty/avellane/.
Homescu, C. (n.d.) Implied Volatility Surface: Construction Methodologies and Characteristics.
Wystup, U. (n.d.) ‘FX Smile Modelling’, Wiley Encyclopedia of Quantitative Finance.
Copyright information
© 2013 Andrew Sutherland and Jason Court
About this chapter
Cite this chapter
Sutherland, A., Court, J. (2013). Vanilla Options. In: The Front Office Manual. Global Financial Markets. Palgrave Macmillan, London. https://doi.org/10.1057/9781137030696_11
Download citation
DOI: https://doi.org/10.1057/9781137030696_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-44055-9
Online ISBN: 978-1-137-03069-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)