FX Cash Products

Spot, Forwards, Swaps & Non-Deliverable Forwards

The definitive guide to foreign exchange cash instruments
with institutional-grade Python toolkit

★★★★★ "Essential for any FX professional"
Book 1 of 3

What This Book Covers

💱
17 Chapters
🐍
Python Toolkit
Production-Ready Code
📊
FX Cash Only
Spot, Forwards, Swaps & NDFs

This book focuses exclusively on FX cash products: Spot FX, forward contracts, FX swaps, and Non-Deliverable Forwards (NDFs) for emerging markets. It's the first in a comprehensive FX series.

Looking for options, exotics, or other derivatives? See FX Derivatives Toolkits or explore our full 122-module platform.

Choose Your Edition

Professional FX education for every budget

📚
Book Pre-Orders Now Open!

All book editions (eBook, Paperback & Hardcover) are available for pre-order and will be delivered on March 31st, 2026. The Python Toolkit is available for immediate download. Pre-order now to secure launch pricing.

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eBook + Toolkit

Digital book + full toolkit

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Hardcover + Toolkit

Premium book + full toolkit

£99.99 was £124.98 You save £24.99
  • Library-quality hardcover
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  • 📦 Book ships March 31st, 2026
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eBook Edition

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Paperback Edition

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Hardcover Edition

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Python Toolkit — Standalone

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Python Toolkit

Institutional-grade FX analytics — Instant Download

£49.99
  • Installable library package plus chapter-by-chapter example scripts
  • Pricing engines: Spot, Forward, Swap & NDF valuation
  • XVA framework: CVA, DVA, FVA, KVA
  • SA-CCR capital calculations
  • Multi-curve valuation (OIS, basis)
  • Stress testing & VaR
  • TCA analysis
  • IFRS 9 hedge accounting
  • Bloomberg/Refinitiv integration scaffolding
  • Interactive configuration UI
  • Jupyter notebooks included
Buy Toolkit

What's in the Python Toolkit?

Institutional-grade FX analytics at your fingertips

Want to try the toolkit before you download it?

Launch the Python Playground
ZIP Installable Package
17 Chapter Guides
2 Jupyter Notebooks

Pricing Engines

  • Spot pricing
  • Forward / CIP
  • FX Swaps
  • NDFs

Valuation

  • Mark-to-market
  • Greeks (Δ, BPV, θ)
  • XVA (CVA, DVA, FVA)
  • Multi-curve

Analytics

  • VaR (3 types)
  • Stress tests
  • TCA analysis
  • Scenarios

Regulatory

  • SA-CCR capital
  • Basel III
  • FRTB scenarios

Data Integration

  • Bloomberg ready
  • Refinitiv ready
  • Yahoo (free)

Accounting

  • IFRS 9
  • ASC 815
  • Effectiveness

🔧 Customization Services Available

The Python tools can be customized to match your specific needs. We offer tailored modifications, additional features, and integration services. Contact us for requirements to get a tailored estimate.

Contact for Customization Quote

What's in the Book?

17 Chapters 160,000 Words

Part I: Market Foundations

Structure, participants, and quotation mechanics

  • Chapter 1 — Introduction to Foreign Exchange Markets
  • Chapter 2 — Market Structure and Participants
  • Chapter 3 — Currency Quotation Conventions

Part II: Spot FX Markets

Trading fundamentals, execution, and transaction costs

  • Chapter 4 — Spot FX Trading Fundamentals
  • Chapter 5 — Transaction Cost Analysis
  • Chapter 6 — Spot FX Risk Management

Part III: FX Forward Contracts

Pricing, corporate hedging, and settlement operations

  • Chapter 7 — FX Forward Contracts: Fundamentals
  • Chapter 8 — Forward Pricing and Interest Rate Parity
  • Chapter 9 — Corporate Hedging Applications
  • Chapter 10 — Hedge Accounting Frameworks
  • Chapter 11 — Forward Contract Risk Management

Part IV: FX Swaps

Mechanics, funding applications, and central bank operations

  • Chapter 12 — Funding Applications
  • Chapter 13 — Central Bank Operations
  • Chapter 14 — Liquidity Management

Part V: Non-Deliverable Forwards

Emerging market FX and advanced trading strategies

  • Chapter 15 — Non-Deliverable Forward Markets
  • Chapter 16 — NDF Market Microstructure
  • Chapter 17 — NDF Risk Management

About the Authors

LR

Luigi Pascal Rondanini

38+ years in financial markets

Former FX/MM/Derivatives Trader (1987-1997), Manager Consultant at Zanders

DA

David Axtell

35+ years across 3 continents

Co-host, "The Trading Floor" podcast

Combined 70+ years of institutional FX experience

What Readers Say

Finally, a book that bridges theory and practice. The toolkit is an invaluable addition.

Treasury Manager

FTSE 100 Company

The toolkit alone is worth the price. It's replaced several of our internal spreadsheets.

Quantitative Analyst

Hedge Fund

Essential reading for anyone in FX. The authors' experience shows on every page.

Head of Trading

Regional Bank

Frequently Asked Questions

Physical editions (Paperback and Hardcover) will ship on March 31st, 2026. This is a pre-sale—by ordering now, you secure your copy at launch pricing and will be among the first to receive the book. The free eBook included with physical orders will unlock on March 31st, 2026. The Python Toolkit is available immediately only for toolkit and bundle purchases.

Python 3.9 or higher. The toolkit is tested on Python 3.9, 3.10, 3.11, and 3.12.

No. The toolkit works with manual data entry or free Yahoo Finance data. Bloomberg and Refinitiv/Eikon integrations are available for users who already have access to those vendor platforms and credentials.

Due to the digital nature of our products, all sales are final. We provide comprehensive previews and sample chapters so you can evaluate the content before purchasing. For any technical issues with downloads or access, please contact support@rondanini.com.

Yes. Books on FX Options, Cross-Currency Swaps, and more are in development. Existing toolkit owners will receive loyalty pricing (£20 off) on future modules.

Yes, with proof of purchase. The license allows single-user internal commercial and educational use within your organization. Redistribution, resale, and public reposting are prohibited. See the LICENSE file included in the toolkit for full details.

UK shipping is included in the price. International shipping is available at additional cost, calculated at checkout.

After purchase, you'll receive an email with access links. Python Toolkit purchases and bundle toolkit access are available immediately. eBook files unlock on March 31st, 2026. Your purchase also includes lifetime access to updates.

Yes! The Python tools can be customized to match your specific requirements. We offer tailored modifications, additional features, and integration services. Contact us at customization@rondanini.com with your requirements to receive a tailored estimate.

Coming Soon

FX Options & Volatility

Coming 2026

Complete guide to vanilla and exotic FX options, volatility surfaces, and Greeks.

Cross-Currency Swaps & Basis

Coming 2026

Institutional XCS trading, basis management, and multi-curve frameworks.

Existing toolkit owners receive £20 off future modules

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