Description of Options On Foreign Exchange First edition
Interest in currency options has greatly expanded along several dimensions in the past decade. By some accounts the currency options market is already the world's largest options market. The number of market participants is also growing rapidly. Many financial institutions and investment managers are seeking to acquire higher levels of expertise and knowledge that are necessary to work with options on foreign exchange.
This book begins with a thorough review of the practical aspects and details of trading currency options in their many forms. It presents the reader with a comprehensive development of the currency option theory. Many practical examples are included to help convey the theory to readers on all levels of sophistication. The final chapter is an introduction to exotic options.
Topics include:
- Introduction to Currency Options
- Foreign Exchange Basics
- Trading Currency Options
- Payoff Patterns at Expiration
- Arbitrage and Parity Theorems
- Valuation of European Currency Options
- Practical Application of the European Currency Option Pricing Model
- American Currency Options
- Currency Futures Options and Listed Currency Warrants
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