Aug. 13, 2012
-- On the back of the success of their original financial educational software, Thinx Finance has launched version 1.2 of its iPad App which now contains a complete embedded risk and derivatives pricing engine. You can create your own books of vanilla securities such as FRAs, Swaps, Basis Swaps, Futures, Bonds and Options. You can plot your own option strategies and analyse the risk of your book working our the perfect hedge. There are more worked examples including solving bond duration and basis spread computation.
This version also contains a brand new Quiz to test your learning. Choose between a random quick 10 question quiz and a full exam.
There still includes the original content spanning the complete range of derivatives for the beginner wishing to get into this field from simple futures and forwards to Black-Scholes option pricing. We look at rates, equities, FX and commodities.
We go into bootstrapping a yield curve and allow you to play with this concept yourself in the ThinxLab by bootstrapping a real curve and pricing portfolios of products with it.
There is a detailed look at basis swap pricing, a topic that is not addressed in most finance literature. Once again you can price your own and risk manage a book to get a good idea of what trading these instruments entails.
We look at options in great depth from payoffs, strategies down to the Black-Scholes equations and their permutations.