Publisher

Wiley Publish Date

August, 2009 Pages

244 Language

English Upload Date

April 16, 2011 Categories

Business File Size

3.10 MB File Type

PDF

“Fletcher and Gardner have created a comprehensive resource that will be of interest not only to those working in the field of Finance, but also to those using numerical methods in other fields such as engineering, physics, and actuarial mathematics. By showing how to combine the high-level elegance, accessibility, and flexibility of Python, with the low-level computational efficiency of C++, in the context of interesting financial modeling problems, they have provided an implementation template which will be useful to others seeking to jointly optimize the use of computational and human resources. They document all the necessary technical details required in order to make external numerical libraries available from within Python, and they contribute a useful library of their own, which will significantly reduce the start-up costs involved in building financial models. This book is a must read for all those with a need to apply numerical methods in the valuation of financial claims.”

“Python is extensively used is quantitative finance applications, and yet there is a surprising scarcity of material covering this area. This book helps fill that gap, by showing how to unlock the power of the Python language for financial modeling, and providing an excellent insight into the programming techniques needed if it is to be used for practical pricing applications in the industry. Key language capabilities are described in parallel with the development of a comprehensive framework for the pricing of derivatives in a powerful and generic way. The authors also share their mathematical expertise, giving us a tour of an array of advanced numerical and quantitative techniques.”
—Peter Broadhurst, Complex Foreign-Exchange Option Analytics, Bank of America Merrill Lynch

Reviews

I am a quant, dealing with financial modeling on daily basis, and this book is the worst that I have ever used.
I had great expectations because I love python but I was so disappointed.
It is really complicated to use the CD and the explanations are so poor.
The book is mostly full with code without real explanations.
Don’t buy this book and don’t waste your money. It is very bad.

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