An Arbitrage Guide to Financial Markets
July 9, 2005
An Arbitrage Guide to Financial Markets is the first book to explicitly show the linkages of markets for equities, currencies, fixed income and commodities. Using a unique structural approach, it dissects all markets the same way: into spot, forward and contingent dimensions, bringing out the simplicity and the commonalities of all markets. The book shuns stochastic calculus in favor of cash flow details of arbitrage trades. All math is simple, but there is lots of it. The book reflects the relative value mentality of an institutional trader seeking profit from misalignments of various market segments.
The book is aimed at entrants into investment banking and dealing businesses, existing personnel in non-trading jobs, and people outside of the financial services industry trying to gain a view into what drives dealers in today’s highly integrated marketplace. A committed reader is guaranteed to leave with a deep understanding of all current issues.
Robert Dubil is a former Director of Risk Analytics in the Corporate Risk Management group at Merrill Lynch (1999-2001), Head of Exotic Fixed Income Derivatives Trading at UBS (1996-99) and Chase Manhattan (1994-95), an equity and debt derivatives trader at Merrill Lynch (1992-94), and a quantitative researcher at Nomura (1990-93) and JP Morgan (1989-90). He worked in New York, London, Tokyo, Hong Kong and Sydney. He holds a PhD and MBA from University of Connecticut, and an MA from Wharton. He is currently an Associate Professor of Finance at San Jose State University in California.