An Arbitrage Guide to Financial Markets
von Robert DubilAn Arbitrage Guide to Financial Markets is the first book toexplicitly show the linkages of markets for equities, currencies, fixed income and commodities. Using a unique structural approach, it dissects all markets the same way: into spot, forward andcontingent dimensions, bringing out the simplicity and thecommonalities of all markets. The book shuns stochastic calculus infavor of cash flow details of arbitrage trades. All math is simple, but there is lots of it. The book reflects the relative valuementality of an institutional trader seeking profit frommisalignments of various market segments.
The book is aimed at entrants into investment banking anddealing businesses, existing personnel in non-trading jobs, andpeople outside of the financial services industry trying to gain aview into what drives dealers in today's highly integratedmarketplace. A committed reader is guaranteed to leave with a deepunderstanding of all current issues.
„This is an excellent introduction to the financial marketsby an author with a strong academic approach and practical insightsfrom trading experience. At a time when the proliferation offinancial instruments and the increased use of sophisticatedmathematics in their analysis, makes an introduction to financialmarkets intimidating to most, this book is very useful. It providesan insight into the core concepts across markets and usesmathematics at an accessible level. It equips readers to understandthe fundamentals of markets, valuation and trading. I would highlyrecommend it to anyone looking to understand the essentials ofsuccessfully trading, structuring or using the entire range offinancial instruments available today.“
--Varun Gosain, Principal, Constellation CapitalManagement, New York
"Robert Dubil, drawing from his extensive prior tradingexperience, has made a significant contribution by writing an easyto understand book about the complex world of today'sfinancial markets, using basic mathematical concepts. Thebook is filled with insights and real life examples about howtraders approach the market and is required reading for anyone withan interest in understanding markets or a career in trading.„
--George Handjinicolaou, Partner, Etolian Capital, NewYork
“This book provides an excellent guide to the current stateof the financial markets. It combines academic rigour with theauthor's practical experience of the financial sector, givingboth students and practitioners an insight into the arbitragepricing mechanism."
--Zenji Nakamura, Managing Director, Europe Fixed IncomeDivision, Nomura International plc, London
The book is aimed at entrants into investment banking anddealing businesses, existing personnel in non-trading jobs, andpeople outside of the financial services industry trying to gain aview into what drives dealers in today's highly integratedmarketplace. A committed reader is guaranteed to leave with a deepunderstanding of all current issues.
„This is an excellent introduction to the financial marketsby an author with a strong academic approach and practical insightsfrom trading experience. At a time when the proliferation offinancial instruments and the increased use of sophisticatedmathematics in their analysis, makes an introduction to financialmarkets intimidating to most, this book is very useful. It providesan insight into the core concepts across markets and usesmathematics at an accessible level. It equips readers to understandthe fundamentals of markets, valuation and trading. I would highlyrecommend it to anyone looking to understand the essentials ofsuccessfully trading, structuring or using the entire range offinancial instruments available today.“
--Varun Gosain, Principal, Constellation CapitalManagement, New York
"Robert Dubil, drawing from his extensive prior tradingexperience, has made a significant contribution by writing an easyto understand book about the complex world of today'sfinancial markets, using basic mathematical concepts. Thebook is filled with insights and real life examples about howtraders approach the market and is required reading for anyone withan interest in understanding markets or a career in trading.„
--George Handjinicolaou, Partner, Etolian Capital, NewYork
“This book provides an excellent guide to the current stateof the financial markets. It combines academic rigour with theauthor's practical experience of the financial sector, givingboth students and practitioners an insight into the arbitragepricing mechanism."
--Zenji Nakamura, Managing Director, Europe Fixed IncomeDivision, Nomura International plc, London
