title: Financial Calculus: An Introduction to Derivative Pricing
author:  Martin Baxter 
description: "...a rigorous and accessible account of the probabilistic structure behind the pricing, construction, and hedging of derivative securities....Real examples from stock, currency, and interest rate markets are used. The text also gives a clear view and introduction to modern mathematical finance for probabilists and statisticians." <br />The Journal of the American Statistical Association<br /><br />"This is an excellent book for anyone who want an intuitive understanding of the use of stochastic calculus in financial engineering." <br />riskbook.com
zlib_text: Financial calculus
  An introduction to derivative pricing
  
  Financial calculus
  An introduction to derivative pricing
  Martin Baxter
  Nomura International London
  Andrew Rennie
  Head ofDebt Analytics, Merrill Lynch, Europe
  .....~! CAMBRIDGE
  ~~~
  UNIVERSITY PRESS
  
  CAMBRIDGE UNIVERSITY PRESS 
  Cambridge, New York, Melbourne, Madrid, Cape Town, Singapore, Sao Paulo, 
  Delhi, Mexico City 
  Cambridge University Press 
  The Edinburgh Building, Cambridge CB2 8RU, UK 
  Published in the United States of America by Cambridge University Press, New York 
  www.cambridge.org 
  Information on this title: www.cambridge.org/9780521552899 
  © M.W Baxter and A.J.O. Rennie 1996 
  This publication is in copyright. Subject to statutory exception 
  and to the provisions of relevant collective licensing agreements, 
  no reproduction of any part may take place without 
  the written permission of Cambridge University Press. 
  First published 1996 
  Reprinted with corrections 1997 
  20th printing 2012 
  Printed in the United Kingdom at