This edited volume will highlight recent research in derivatives modelling and markets in a post-crisis world across a number of dimensions or themes. The book addresses the following main areas: derivatives models and pricing, model application and performance backtesting, new products and market features. Particular themes encompass: – continuous and discrete time modeling, – statistical arbitrage models, – arbitrage-free pricing, risk-neutral implied densities, – equilibrium pricing approaches (including e.g. co-integration), – applications of methods in computational statistics including simulation, – computationally intense techniques for pricing, estimation and backtesting, – complex derivative products, – credit and counterparty risk, – innovative market and product structures.