It is sometimes hard for me to believe that the first edition of this book was only 330 pages and 13 chapters long! The book has grown and been adapted to keep up with the fast pace of change in derivatives markets. Like earlier editions, the book serves several markets. It is appropriate for graduate courses in business, economics, financial mathematics, and financial engineering. It can be used on advanced undergraduate courses when students have good quantitative skills. Many practitioners who are involved in derivatives markets also find the book useful. I am delighted that the book sells equally well in the practitioner and college markets.

有时我很难相信这本书的第一版只有330页13章长！这本书已经成长并被改编，以跟上衍生品市场快速变化的步伐。与早期版本一样，这本书服务于多个市场。它适用于商科、经济学、金融数学和金融工程的研究生课程。当学生具有良好的定量技能时，它可以用于高级本科课程。许多从事衍生品市场的从业者也发现这本书很有用。我很高兴这本书在从业者和大学市场上同样畅销。