"This book gives an excellent and up to date presentation of very active areas of the theory of equity derivatives and equity-linked structures. In particular it gives a thorough treatment of the case of incomplete markets, including new developments concerning super hedging and quantile hedging. Financial modelling with Lévy processes is also treated here systematically in a very satisfactory way, both from the point of view of mathematics and of practical implementation.

The presentation contains many new results, in particular concerning stochastic volatility models and numerical methods. Beginning with chapter four, powerful statistical and computational methods are presented, which are also of great importance for applications. It is one of the rare books which manage to excellently combine a mathematically rigorous presentation with the clarity of the exposition of concepts and the relevance for the applications. An outstanding and most stimulating work!"

Prof. Dr. Sergio Albeverio
University of Bonn

"This book provides a nice blend of concise exposition of the theory of stochastic processes, and in particular Lévy processes, financial modeling with such processes, as well as numerical implementations, together with fundamentals of options pricing. Important examples and references are spread adequately throughout the book."

Professor M. Yor
Université Pierre et Marie Curie

"I was very impressed by Dr Overhaus's study of the pricing of equity derivatives. This is not an easy subject and clearly Dr Overhaus has a profound understanding of the matter. In the second part of the book, Dr Overhaus describes how these pricing models can be implemented in a modern computernetmork i.e. the internet, by talking about XML, Web servers etc. This is very useful as clients demand more and more transparency and this we can only provide by giving them access to the different pricing models."

Dr. Serge Mores
Senior Investment Manager ING Investment Management, Brussels

"Equity Derivatives: Theory and Applications' gives a comprehensive, yet succinct, overview of the emerging technologies and architectures in computing today, and describes how those technologies and architectures can be applied to Equity Derivatives. This book bridges the gap between the pure theory of derivatives, and the application of that theory, through the use of new computing technologies, such as XML, Web Services, and Microsoft's .NET Framework. This was a most informative read, both from a technological, and a theoretical perspective."

Gregor Noriskin
Architectural Advisor, Microsoft Corporation

"The frontier of equity derivative transactions presented by the leading Quantitative Research team - this book will set the standards for the innovations in the field."

Dr. Hermann Schenk
Managing Director Covion Organic Semiconductors GmbH

"This book is the first comprehensive guide to link the latest research in mathematical finance with the most recent developments and new technologies in the delivery of pricing and hedging analytics over the Internet. This unique approach is simple to follow, with information organized for easy access."

Jon Kinol
Managing Director, Deutsche Bank Securities

"This well-organized book provides a self-contained, computational, and up-to-date treatment of several interesting topics in the theory of option pricing-mainly in incomplete markets. This is an invaluable addition to the pedagogic literature on equity derivatives which no serious student should be without."

Professor Aubrey Truman
Head of the Department of Mathematics, University of Wales, Swansea