As both a professor of finance and a practitioner in the field, I've used several books for teaching, but find this book to be one of the most useful and resourceful. This book is also being used in many other universities and trading desks given its depth and coverage.

The author does a phenomenal job in his coverage and discussion of equity and fixed-income models. Details and code for complex interest rate models like the HJM andLibor Market Models is given and the code is well-written and commented. Application of these models is shown for pricing exotic and structured products like synthetic swaps, Bermudan swaptions, index-amortizing swaps, and range notes.

In some sense, this book could be a substitute for Hull's book given that it is covers all the material in Hull's book plus much more, as well as provides all of the code in C++ -- something I've haven't seen in any other book. The author gives many C++ libraries and routines that can easily be adapted by readers into their own code and libraries.

One of the unique aspects of this book is that the author provides various implementations and not just one approach for an any given model. For instance, the model shows how the Hull-White model can be coded three different ways with each implementation more robust than the previous one.

What clearly distinguishes this book from any other in the field is the application of the models to real-world data and the detailed discussions for how to implement derivative models in C++. For instance, the discussion on implied modeling volatility surfaces and GARCH models includes details of the various techniques used by traders and developers to calibrate and estimate parameters using actual marketdata.

This book is important reading for those who want to master concepts and programming in financial engineering.

I strongly recommend this book.

As both a professor of finance and a practitioner in the field, I've used several books for teaching, but find this book to be one of the most useful and resourceful. This book is also being used in many other universities and trading desks given its depth and coverage.

The author does a phenomenal job in his coverage and discussion of equity and fixed-income models. Details and code for complex interest rate models like the HJM andLibor Market Models is given and the code is well-written and commented. Application of these models is shown for pricing exotic and structured products like synthetic swaps, Bermudan swaptions, index-amortizing swaps, and range notes.

In some sense, this book could be a substitute for Hull's book given that it is covers all the material in Hull's book plus much more, as well as provides all of the code in C++ -- something I've haven't seen in any other book. The author gives many C++ libraries and routines that can easily be adapted by readers into their own code and libraries.

One of the unique aspects of this book is that the author provides various implementations and not just one approach for an any given model. For instance, the model shows how the Hull-White model can be coded three different ways with each implementation more robust than the previous one.

What clearly distinguishes this book from any other in the field is the application of the models to real-world data and the detailed discussions for how to implement derivative models in C++. For instance, the discussion on implied modeling volatility surfaces and GARCH models includes details of the various techniques used by traders and developers to calibrate and estimate parameters using actual marketdata.

This book is important reading for those who want to master concepts and programming in financial engineering.

I strongly recommend this book.

This is a brilliant book - It is encyclopedic when it comes to pricing algorthms and very clear in its presentation. A point to note is that even though it covers a lot of background material, to understand the code, I would recomend that you need to understand the underlying mathematics to some degree before launching into this book. Also this is not a C++ tutorial book. Nevertheless this is a fantastic reference and I have used a lot of its examples to help with my work - a must for people interested or working in the field of quant finance

This book is required reading if you work as a quant, financial engineer, trader, or developer. It is the only book written that contains the details for how to correctly implement all the complex models.

This book helped me both in school and in getting a financial engineering job on Wall Street after I graduated. The real-world examples with actual market data shows exactly how these models work in practice.

The CD ROM contains tons of reusable C++ code and routines that can help anyone with their work.

Modeling Derivatives in C++ is a great book.

If you do work in the fin services area, Modeling Derivatives in C++ is a required book.