New book "Advanced Quantitative Finance with C++"

[Sunitha Palanna]

Packt is pleased to announce the release of "Advanced Quantitative Finance with C++" by Alonso Pena

This book will introduce you to the key mathematical models used to price financial derivatives, as well as the implementation of main numerical models used to solve them. In particular, equity, currency, interest rates, and credit derivatives are discussed.

For more details, visit the book page: http://www.packtpub.com/application-development/advanced-quantitative-finance-c

 

[themarketprofessor]

The models in this book don't work in the real world! There is nothing new offered in it! I would be a fool of all fools in buying such a book!

 

[Daniel Duffy]

The models in this book don't work in the real world! There is nothing new offered in it! I would be a fool of all fools in buying such a book!

Can you elaborate? A blanket shoot-down - which seems to be your current style - is not very useful.

BTW I was unable to find a TOC, maybe I missed it.

Have you studied and run the codes?

Some possible points:

1. models
2.maths
3. algorithms
4. C++ code

 

[themarketprofessor]

Can you elaborate? A blanket shoot-down - which seems to be your current style - is not very useful.

BTW I was unable to find a TOC, maybe I missed it.

Have you studied and run the codes?

Some possible points:

1. models
2.maths
3. algorithms
4. C++ code

As I've pointed out in my other posts that current models don't work as realistic tools for pricing derivatives in general.

As a derivatives trader, without unnecessary luxury of advanced quantitative tools I could simply and successfully mark vanilla prices using 1D or 2D cubic splines which should be then naturally the model for pricing exotics. How on earth would I imagine anything else more appropriate and simpler tools?

Perhaps you are among the ppl who have been brainwashed and confined themselves in a theoretical box, never looked outside for a realistic approach. As a matter of fact, many traders don't need and will never need the so called advanced quantitatives or Stochastic calculus when making derivative prices. Life can be that simple! Simplicity is bliss!

This will continue to be my lines of attack to any past and current models until you or somebody convinces me with real evidence that we need them.

 

[Yike Lu]

As I've pointed out in my other posts that current models don't work as realistic tools for pricing derivatives in general.

As a derivatives trader, without unnecessary luxury of advanced quantitative tools I could simply and successfully mark vanilla prices using 1D or 2D cubic splines which should be then naturally the model for pricing exotics. How on earth would I imagine anything else more appropriate and simpler tools?

Perhaps you are among the ppl who have been brainwashed and confined themselves in a theoretical box, never looked outside for a realistic approach. As a matter of fact, many traders don't need and will never need the so called advanced quantitatives or Stochastic calculus when making derivative prices. Life can be that simple! Simplicity is bliss!

This will continue to be my lines of attack to any past and current models until you or somebody convinces me with real evidence that we need them.

Where do you work again?

 

[IntoDarkness]

Where do you work again?

https://www.linkedin.com/pub/truc-le/41/179/9a8
truc le
anz bank

 

[New Trader]

The models in this book don't work in the real world! There is nothing new offered in it! I would be a fool of all fools in buying such a book!

what are your recommendations for aspiring quants/quant traders?

 

[themarketprofessor]

anz bank

You're obviously in darkness!!! There is no way out for you!

 

[themarketprofessor]

what are your recommendations for aspiring quants/quant traders?

Read the works/articles by Nassim Taleb and Pablo Triana!

 

[themarketprofessor]

https://www.linkedin.com/pub/truc-le/41/179/9a8
truc le
anz bank

Just checked out his profile - impressive!!!

 

[New Trader]

Read the works/articles by Nassim Taleb and Pablo Triana!

you meant?
http://www.amazon.com/Lecturing-Birds-Flying-Mathematical-Financial/dp/0470406755

 

[themarketprofessor]

you meant?
http://www.amazon.com/Lecturing-Birds-Flying-Mathematical-Financial/dp/0470406755

Yes, to begin with!

 

[Yike Lu]

heh heh heh. @Daniel Duffy knows what I'm on about.

 

[Daniel Duffy]

heh heh heh. @Daniel Duffy knows what I'm on about.

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