Technical paper
Cutting edges using domain integration
Zhengyun Hu, Jeroen Kerkhof, Paul McCloud and Jorg Wackertapp present the semi-analytic lattice integrator tree, a domain integrator method for pricing derivatives. This method can eliminate almost all numerical noises in derivatives pricing, and…
Optimising omega
Optimising a portfolio's omega generally requires non-linear optimisation methods. Helmut Mausser, David Saunders and Luis Seco show that, under suitable conditions, a simple change of variables transforms the problem into a linear program that is much…
Using options theory for commodity spreads
Market risk for a real option asset can be effectively managed using a spread option model. Raymond Cheng and Walt Tyrrell demonstrate the enhanced risk-adjusted performance of optional refinery capacity with a historical back test
A fair-value enterprise
Cutting Edge: Liability management
ABN Amro
Quant Analysis
HSBC Bank International
Quant Analysis
Permanent TSB
Quant Analysis
Caja Espana
Quant Analysis
Iterating cancellable snowballs and related exotics
Cutting edge: Exotic options
Calibración - Monte Carlo ponderado
Cutting Edge