Download or read book Pricing Options with Futures Style Margining written by Alan White and published by Routledge. This book was released on 2014-02-04 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the applicability of a relatively new and powerful tool, genetic adaptive neural networks, to the field of option valuation. A genetic adaptive neural network model is developed to price option contracts with futures-style margining. This model is capable of estimating complex, non-linear relationships without having prior knowledge of the specific nature of the relationships. Traditional option pricing models require that the researcher or practitioner specify the distribution of the underlying asset. In addition, the methodology is able to easily accommodate additional inputs(something that cannot be preformed with existing models. Since 1973, options on stock have been traded on organized exchanges in the United States. An option on a stock gives the option owner the right to buy or sell the stock for a pre-set price.. Since the introduction of stock options, the options market has experienced tremendous growth and has spawned even more exotic types of derivative securities. Obviously, valuing these securities is an issue of great importance to investors and hedgers in the financial marketplace. Existing pricing models produce systematic pricing errors and new models have to be developed for options with differing characteristics. The genetic adaptive neural network is found to provide more accurate valuation than a traditional option pricing model when applied to the 3-month Eurodollar futures-option contract traded on the London International Financial Futures and Options Exchange.
Download or read book PRICING OPTIONS WITH FUTURES STYLE MARGINING written by ALAN. WHITE and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2000. In 1973, options on stock became available on an organized exchange when the Chicago Board of Trade created the Chicago Board Options Exchange (CBOE). Options existed prior to this time, but the contracts lacked standardization and a central exchange. Since that introduction, the options market has experienced tremendous growth and has spawned even more exotic types of derivative securities. Although a great deal of work has been done in the area of option pricing, there still exists a number of problems related to estimating or predicting option prices. The purpose of this study is to utilize Genetic Adaptive Neural Networks (GANNs) to develop a method of pricing futures options with futures-style margining.
Download or read book Currency Derivatives written by David F. DeRosa and published by John Wiley & Sons. This book was released on 1998-09-07 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mit über einer Billion US Dollar Umsatz stellt der Devisenhandel weltweit den größten Markt dar. In diesem Markt sind Währungsderivate zu einem bevorzugten Handelsinstrument geworden, das von Großbanken, Brokerhäusern, Hedge Funds (spekulativ ausgerichteter Fonds, der mit Hilfe von Derivaten seine Gewinne zu optimieren versucht) und Handelsberatern eingesetzt wird. Zwar sind diese Instrumente heute komplexer denn je, aber sie sind ein unverzichtbares Mittel des Risikomanagements im Devisenhandel. Herausgegeben von führenden Devisenhändlern und Analysten, ist dieses Buch Basislektüre für jeden, der sich in diesem Bereich bewegt. Eine Sammlung der 20 besten und meist zitierten Beiträge zu Währungsderivaten, Preistheorie und Anwendungen von Hedging-Methoden (10/98)
Download or read book Federal Register written by and published by . This book was released on 1989-03-08 with total page 1514 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fundamentals of Futures and options markets written by John Hull and published by Pearson Higher Education AU. This book was released on 2013-09-12 with total page 577 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first Australasian edition of Hull’s bestselling Fundamentals of Futures and Options Markets was adapted for the Australian market by a local team of respected academics. Important local content distinguishes the Australasian edition from the US edition, including the unique financial instruments commonly traded on the Australian securities and derivatives markets and their surrounding conventions. In addition, the inclusion of Australasian and international business examples makes this text the most relevant and useful resource available to Finance students today. Hull presents an accessible and student-friendly overview of the topic without the use of calculus and is ideal for those with a limited background in mathematics. Packed with numerical examples and accounts of real-life situations, this text effectively guides students through the material while helping them prepare for the working world. For undergraduate and post-graduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management.
Download or read book Code of Federal Regulations written by and published by . This book was released on 2000 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Code of Federal Regulations of the United States of America written by and published by . This book was released on 1999 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.
Download or read book 2018 CFR e Book Title 17 Commodity and Securities Exchanges Parts 1 to 40 written by Office of The Federal Register and published by IntraWEB, LLC and Claitor's Law Publishing. This book was released on 2018-04-01 with total page 936 pages. Available in PDF, EPUB and Kindle. Book excerpt: Title 17 Commodity and Securities Exchanges Parts 1 to 40
Download or read book Code of Federal Regulations Title 17 Commodity and Securities Exchanges written by and published by Office of the Federal Register. This book was released on 2011-06-08 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oversight of the Swaps and Futures Markets written by United States. Congress. House. Committee on Agriculture and published by . This book was released on 2013 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Course in Derivative Securities written by Kerry Back and published by Springer Science & Business Media. This book was released on 2005-10-11 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Deals with pricing and hedging financial derivatives.... Computational methods are introduced and the text contains the Excel VBA routines corresponding to the formulas and procedures described in the book. This is valuable since computer simulation can help readers understand the theory....The book...succeeds in presenting intuitively advanced derivative modelling... it provides a useful bridge between introductory books and the more advanced literature." --MATHEMATICAL REVIEWS
Download or read book Commodity Futures Law Reporter written by Commerce Clearing House and published by . This book was released on 1974 with total page 2564 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fundamentals of Futures and Options written by Roger G. Clarke and published by . This book was released on 2015 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Derivative securities and markets have experienced tremendous worldwide growth since 1970. But even so, they are not always well understood. To remedy this situation, the authors explain the link between options and futures and the underlying security or index from which they ultimately derive their value. Pricing and hedging relationships of futures contracts, option characteristics and strategies, and option pricing and hedging relationships are also addressed. To further assist the reader, the authors include exercises to reinforce the concepts as well as a glossary. The result is an updated look at options and futures that can benefit many of us.
Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Background Briefing Materials for Working Group on Clearance and Settlement Meeting of 7 written by and published by . This book was released on 1991 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Options on Futures written by John F. Summa and published by John Wiley & Sons. This book was released on 2002-01-04 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increased marketplace volatility and the expanding size of capital markets have led to an explosion of interest in options on futures. What makes these instruments so attractive is that they allow traders to profit from movements in the markets using little up-front capital and plenty of leverage. At the same time, they provide an excellent hedge against the risks associated with capital market investments. This book demystifies these notoriously difficult-to-understand instruments and provides state-of-the-art strategies and tools for making the most of options on futures. John F. Summa (New Haven, CT) is a CTA and cofounder of OptionsNerd.com, an online service providing market commentary, trading advisories, and assistance with trading system development. Jonathan Lubow (Randolph, NJ) is cofounder and Vice President of Trader's Edge, a futures and options brokerage.
Download or read book Futures Markets written by Anne E. Peck and published by AEI Studies. This book was released on 1985 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
