Reviews

 John Hull
  Harvard Business School
 Journal of Finance
 Swiss Derivatives Review
 The Actuary Magazine Review
  North American Actuarial Journal




"A great read... perfect for senior managers and directors who need a non-technical understanding of what derivatives are all about."

John Hull, Maple Financial Chair in Derivatives and Risk Management
Director, Bonham Centre for Finance



"This book admirably fills the long-standing gap between highly
technical texts on derivatives mathematics which often leave their
readers unaware of the financial contexts and uses of these
instruments and popularizations which tend to emphasize disaster
stories at the expense of communicating the key ideas behind
derivatives and the valid reasons for the rapid growth of these markets
over the past decade."

Eric S. Reiner, Managing Director, Group Market Risk, UBS AG



"The authors are to be congratulated on the gem produced. Through
this book, the whole field of financial derivatives comes to live in all its
colorful apsects. The historical drama, with several ups and downs,
unfolds in a masterly written way. Everyone, from the most non-
quantitative trader to the more mathematically oriented rocket
scientist will learn a lot from reading this lovely book. I can also
highly recommend it as extra reading for any course on derivatives."

Paul Embrechts, Department of Mathematics, ETH Zurich



"An excellent treatment at the most fundamental level of derivatives
by one of the best known writers in the field."

Professor Don M. Chance, Virginia Tech.
info@thederivativesbook.com
Derivatives: The Tools That Changed Finance
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