Can you please tell me some good books to learn in detail about all financial instruments available in the market today ?

  • $\begingroup$ What about Hull's books? $\endgroup$
    – SiXUlm
    Commented Jan 6, 2016 at 15:52
  • $\begingroup$ I think a combo of Hull - Options, Futures, and Other Derivatives and Martellini et al. - Fixed Income Securities can do the job. $\endgroup$
    – Egodym
    Commented Jan 6, 2016 at 17:22
  • $\begingroup$ From experience, an awful lot of practitioners (at least those not from a math dept originally) see Hull as a bible. To boot, Hull does a great job of "plugging in the numbers" so you see how the equations work out, rather than just stating theorems. $\endgroup$
    – bcf
    Commented Jan 7, 2016 at 12:54

1 Answer 1


It depends on your knowledge and skills. Any book that attempts to cover a wide range of financial product is most likely not very technical. You should choose a book that suits your purpose. For example, if you're interested in interest rates modelling, you should consider something like Interest Rate Models - Theory and Practice: With Smile, Inflation and Credit.

I'll briefly describe some of the books that covers a wide range of financial products.

  1. Hull's book

Simple and easy to read. But probably not enough details for quantitative finance.

  1. Paul Wilmott's book

Simple mathematics, easy but not enough details. Ideal for someone who just wants to learn about the topics.

  1. Structured Products Volume 1-3

I think this is the book you are looking for. It covers essentially all the common financial products. The book also gives application and pricing model for every product. The book focus on financial products and risk management. Highly recommended.


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