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Futures, Options, and Swaps
ISBN: 1405150491     Date Published: 2007-02-27     Author(s): Robert Kolb, James A. Overdahl
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840 Pages
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06/20/2013 01:35:47
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Editorial Review - Book Description:
A new and updated edition of the most readable, comprehensive text available on derivatives markets.

  • Utilizes an even more applied approach than previous editions
  • Provides an excellent balance between introductory and advanced topics
  • Extensively updated to incorporate and explicate development in the field including the areas of electronic trading platforms, globalization of markets, hedge funds, financial scandals involving derivatives, and government regulation
  • Revised to include over 50 text boxes with applied vignettes on topical issues, product profiles, and historical anecdotes
Customer Review:
Total Reviews: (11)
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34 of 35 People found the following review helpful.

Much better than many realize, September 19, 2005 ByBachelier ""1004"" (Ile de France) - See all my reviews This review is from: Futures, Options and Swaps 4e +CD (Hardcover) Let's face it: the big Kahuna in this space is Hull's 6th Edition of "Options, Futures, and Other Derivatives" (I actually prefer the 5th Edition), which is frequently referred to as "The Bible" by financial quants. Paul Wilmott's two volume "Quantitative Finance" also has a solid following, in addition to growing appreciation for Mark Joshi's "The Concepts and Practice of Mathematical Finance." Robert Kolb's "Futures, Options, and Swaps" therefore is often confined to an "also-ran" and treated as unserious because of its inclusion in the CFA curriculum. This is unfair, and for most undergraduate and MBA students who are not destined for derivatives dealing desks, and even many who are, Kolb is the better volume. Critics of Hull frequently cite that he is dry and technical to the point of somnolence. For Wilmott the opposite is the case. Critics hold his tone is flippant and that he glosses over major dimensions. My own view is these harsh reactions to these fine authors...
29 of 31 People found the following review helpful.

Clear interesting read for both the layman and expert., July 3, 1999 Byjvdi "jvdi" (Fort Lauderdale, FL United States) - See all my reviews This review is from: Futures, Options and Swaps (Hardcover) This is the only non-AIMR text that is required reading for all three CFA exams. I feel the Dr. Kolb's strength is laying out the basic tenents of finance for the layman. He also includes advanced formulas in the latter part of the book if you want to get deeper.Certain other authors of finance and accounting texts seem more interested in impressing their readers with their acumen in the field. In this book you don't have to read a paragraph 3 times to get the basic gist of what he is trying to say. It is very plain and straightforward. If only more academics would write in this manner. My main problem with this book is I found it so interesting I wandered off the required reading sections for the CFA test too much.
15 of 16 People found the following review helpful.

Comprehensive book on Derivatives, April 12, 2000 ByFranco Arda (San Jose, CA) - See all my reviews This review is from: Futures, Options and Swaps (Hardcover) Got many books on derivatives, but Kolb's is my favourite one. He covers the topic in a slightly less quantitative way than Hull does and goes straight to all the different derivatives while avoiding any further explanations like Ito's Lemma etc. I especially liked the part on swaps with many examples like flavoured swaps or equity swaps. Nevertheless, if you're looking for a good software, than I would recommend The Complete Guide to Option Pricing Formulas (build on Excel VBA).
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