Introduces a number of methodologies for pricing, trading, and managing modern derivative products that derive a significant proportion of their value from correlation and volatility. Emphasizing general principles and frameworks for managing a number of different exotic contracts, the author embraces practical and tested techniques that not only provide a launch pad for the development of a future generation of tools, but also unify the approaches in the derivative markets of the past and present. Annotation c. by Book News, Inc., Portland, Or.