Business Computers

In Association w/ Amazon Shopping
Thursday, November 20th 2008

Featured Sites

Receipt Printer
receipt printer
Sell Structured Settlement

Business Computer Resources

Business Computer Solution
Computer Home Based Business
Computer Repair Business
Business Computer Application
Small Business Computer
Business Computer Equipment
Computer Business Review
Business Computer Security
Computer Cleaning Business
Computer Networking Business

Financial Instrument Pricing Using C++ (The Wiley Finance Series)

List Price: $150.00
Homebizpc.com Price: $94.50
Your Savings: $ 55.50 ( 37% )
Subject To Change Without Notice
Availability: Usually ships in 24 hours
Manufacturer: Wiley

Average Customer Rating:

Binding: Hardcover
Dewey Decimal Number: 332.602855133
EAN: 9780470855096
ISBN: 0470855096
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 432
Publication Date: 2004-08-27
Publisher: Wiley
Studio: Wiley

Related Items
C++ Design Patterns and Derivatives Pricing (Mathematics, Finance and Risk) Modeling Derivatives in C++ (Wiley Finance) Heard on the Street: Quantitative Questions from Wall Street Job Interviews Monte Carlo Methods in Financial Engineering (Stochastic Modelling and Applied Probability) Options, Futures, and Other Derivatives with Derivagem CD (7th Edition) (Prentice Hall Series in Finance)

Editorial Reviews:

One of the best languages for the development of financial engineering and instrument pricing applications is C++. This book has several features that allow developers to write robust, flexible and extensible software systems. The book is an ANSI/ISO standard, fully object-oriented and interfaces with many third-party applications. It has support for templates and generic programming, massive reusability using templates (write once) and support for legacy C applications.

In this book, author Daniel J. Duffy brings C++ to the next level by applying it to the design and implementation of classes, libraries and applications for option and derivative pricing models. He employs modern software engineering techniques to produce industrial-strength applications:

Using the Standard Template Library (STL) in finance
Creating your own template classes and functions
Reusable data structures for vectors, matrices and tensors
Classes for numerical analysis (numerical linear algebra )
Solving the Black Scholes equations, exact and approximate solutions
Implementing the Finite Difference Method in C++
Integration with the Gang of Four Design Patterns
Interfacing with Excel (output and Add-Ins)
Financial engineering and XML
Cash flow and yield curves

Included with the book is a CD containing the source code in the Datasim Financial Toolkit. You can use this to get up to speed with your C++ applications by reusing existing classes and libraries.

'Unique... Let's all give a warm welcome to modern pricing tools.'
-- Paul Wilmott, mathematician, author and fund manager

Spotlight customer reviews:

Customer Rating:

Summary: Don't bother with this book.
Comment: This book is high on quantity and low on quality. The author clearly can't teach and his lack of clarity of thought is a little concerning to say the least. The quality here is so below par it's a wonder why Wiley bother to publish this kind of book without some kind of quality control standards in place. With his rambling and imprecise style, it's actually hard to believe this guy has a PhD - some of the undergraduate students I've taught in the past have handed in better coursework than this. You're better off buying a general book on C++ such as Meyers or even Stroustrup and simply applying the C++ techniques you'll actually learn in there to QF. Save yourself some hard-earned money and buy another C++ book.

Customer Rating:

Summary: no source code, no well organized examples
Comment: I had been trying to build up the examples Daniel has been using. The CD comes with the book is a full mess. These are clearly not organized. No structure in the directory, several chapters are missing in the CD, code still have bugs, no make files.

I am thinking about email Dan for a refund. This book does not deserve the price he charge.

Customer Rating:

Summary: Utter shambles
Comment: The code is a real mess. Source files are missing, class member variables not defined, calls made to misspelled functions, basic syntax errors. Here are a few of the problems I have run into:
- Missing Source Files:: BVPmechanisms.hpp. So files like BVPSOlver.cpp can't compile
- Undefined members variables: AssocArray::contents. Can't build without it
- Basic syntax errors: (if ass2 == this). Should be if(ass2 == this)
- Incorrect function calls: standardDeviation(). Should be standardDeviation(x)

Aside from all the kindergarten errors, the author over uses templates to such an extent that simple routines are hopelessly obfuscated.

I think he built it on an old version of Visual C++. This is because the code fails to build on modern compilers with tighter error checking.

I have no idea why the other guys love this book so much, they must never have tried to build any of the examples in it ... which is weird because the whole reason I bought the book was to begin building a library of financial tools.

Customer Rating:

Summary: Awesome
Comment: Extremely accessible and professional, both math and software side are very well done, one of the best intro books about numerical modeling and software design. The finite difference methods in this book are very powerful.

Customer Rating:

Summary: very good book.
Comment: implementation and design of classes wise this book is replete with ideas. Since this book dealt with FDM, which are either cubbersome or difficult to program say american options, better is to deal with FE methods.

More Reviews