Structured appear to offer good value in two situations. The first is when you can sell them with an attractive margin, such that the payoff provided at the end of the investment horizon T0 is hedged, and not of your concern. This method of value creation is possible for banks and financial...

In this paper we study the intraday price formation process of country Exchange Traded Funds (ETFs). We identify specific parts of the US trading day during which Net Asset Values (NAVs), currency rates, premiums and discounts, and the S&P 500 index have special effects on ETF prices, and...

In general, there exist many ways to detect the fair value of financial derivatives. However, each of them is suitable for different purposes. For example, when the payoff function is not very simple or the underlying process is too complex, the approach of Monte Carlo simulation can be useful....