Options, Futures, and Other Derivatives, Global Edition, 11th edition

Published by Pearson (July 5, 2021) © 2021

  • John C. Hull University of Toronto
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Ideal for students studying Business, Economics, and Financial Engineering and Mathematics, this edition gives you a modern look at the derivatives market by incorporating the industry's hottest topics, such as securitisation and credit crisis, bridging the gap between theory and practice.

Written with the knowledge of how Maths can be a key challenge for this course, the text adopts a simple language that makes learning approachable, providing a clear explanation of ideas throughout the text.

The latest edition covers the most recent regulations and trends, including the Black-Scholes-Merton formulas, overnight indexed swaps, and the valuation of commodity derivatives.

  • 1. Introduction
  • 2. Futures markets and central counterparties
  • 3. Hedging strategies using futures
  • 4. Interest rates
  • 5. Determination of forward and futures prices
  • 6. Interest rate futures
  • 7. Swaps
  • 8. Securitization and the financial crisis of 2007-8
  • 9. XVAs
  • 10. Mechanics of options markets
  • 11. Properties of stock options
  • 12. Trading strategies involving options
  • 13. Binomial trees
  • 14. Wiener processes and Ito's lemma
  • 15. The Black-Scholes-Merton model
  • 16. Employee stock options
  • 17. Options on stock indices and currencies
  • 18. Futures options and Black's model
  • 19. The Greek letters
  • 20. Volatility smiles and Volatility Surfaces
  • 21. Basic numerical procedures
  • 22. Value at risk and expected shortfall
  • 23. Estimating volatilities and correlations
  • 24. Credit risk
  • 25. Credit derivatives
  • 26. Exotic options
  • 27. More on models and numerical procedures
  • 28. Martingales and measures
  • 29. Interest rate derivatives: The standard market models
  • 30. Convexity, timing, and quanto adjustments
  • 31. Equilibrium models of the short rate
  • 32. No-arbitrage models of the short rate
  • 33. Modeling Forward Rates
  • 34. Swaps Revisited
  • 35. Energy and commodity derivatives
  • 36. Real options
  • 37. Derivatives mishaps and what we can learn from them
  • Glossary of terms
  • DerivaGem software
  • Major exchanges trading futures and options
  • Tables for Nx

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