of numerical methods for pricing, hedging, and risk management of financial instruments. …

US dairy futures markets of milk, butter, cheese, and dry whey exhibit unique volatility patterns under the Federal … commodity index. Dairy futures markets respond to government-released information. The trading activities increase when new …

and accurate simulation due to fundamental issues in small probability estimations. In this paper, we propose a simulation …-based methodology for financial applications that require rare event estimations. We present three key applications: barrier options …