These are the contents as they will appear in the published version.

• Preface
• The Parable of the bookmaker
• Introduction
  1. Expectation pricing
  2. Arbitrage pricing
  3. Expectation vs arbitrage
• Discrete processes
  1. The binomial branch model
  2. The binomial tree model
  3. Binomial representation theorem
  4. Overture to continuous models
• Continuous processes
  1. Continuous processes
  2. Stochastic calculus
  3. Itôum; calculus
  4. Change of measure - the C-M-G theorem
  5. Martingale representation theorem
  6. Constructing strategies
  7. Black-Scholes model
  8. Black-Scholes in action
• Pricing market securities
  1. Foreign exchange
  2. Equities and dividends
  3. Bonds
  4. Market price of risk
  5. Quantos
• Interest rates
  1. The interest rate market
  2. A simple model
  3. Single-factor HJM
  4. Short-rate models
  5. Multi-factor HJM
  6. Interest rate products
  7. Multi-factor models
• Bigger Models
  1. General stock model
  2. Log-normal models
  3. Multiple stock models
  4. Numeraires
  5. Foreign currency interest-rate models
  6. Arbitrage-free complete models
• Appendices
  1. Further reading
  2. Notation
  3. Answers to exercises
  4. Glossary of technical terms
  5. Index