Includes bibliographical references (p. 127-129) and index.
|Statement||Valery A. Kholodnyi, John F. Price.|
|Contributions||Price, John F.|
|LC Classifications||HG3851 .K3956 1998|
|The Physical Object|
|Pagination||xvii, 134 p. :|
|Number of Pages||134|
|LC Control Number||97043965|
This symmetry holds in a general foreign exchange market environment. In particular, it requires no assumptions to be made on the nature of a probability distribution for exchange rates — not even on the existence of such a distribution. The practical applications . OCLC Number: Description: xxiii, pages: illustrations ; 24 cm: Contents: 1. Foreign exchange option symmetry in a general market environment Foreign exchange option symmetry in a multiple currency general market environment. Downloadable (with restrictions)! This book studies the actual financial phenomena underlying the evaluation of financial derivatives, which is today virtually identified with and even replaced by the study of the mathematical aspects of stochastic calculus as a model for such phenomena. It adopts the view that the study of financial phenomena is on the brink of a revolution similar to that of Cited by: 7. Foundations of Foreign Exchange Option Symmetry [Valery A. Kholodnyi, John F. Price] on *FREE* shipping on qualifying offers. Book by Kholodnyi, Valery A., Price, John F.
In finance, a foreign exchange option (commonly shortened to just FX option or currency option) is a derivative financial instrument that gives the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date. See Foreign exchange derivative.. The foreign exchange options market is the deepest, largest and. Foreign Exchange Option Symmetry by Valery A Kholodnyi, John F Price PDF, ePub eBook D0wnl0ad This book studies the actual financial phenomena underlying the evaluation of financial derivatives, which is today virtually identified with and even replaced by the study of the mathematical aspects of stochastic calculus as a model for such phenomena. Purchase Foreign Exchange Options - 2nd Edition. Print Book & E-Book. ISBN , Valery A. Kholodnyi & John F. Price, "Validity of the Symmetry Relationships for Barrier Options," World Scientific Book Chapters, in: Foreign Exchange Option Symmetry, chapter 9, pages , World Scientific Publishing Co. Pte. Ltd.. Handle: RePEc:wsi:wschap_Author: Valery A. Kholodnyi, John F. Price.
The symmetries of the foreign exchange market are the key feature that distinguishes this market from all others. We discuss many relationships for pricing of options based on symmetry, apply them. Valery Kholodnyi currently works at the Risk Management, Verbund Trading, W. Pauli Institute. Book. Jan ; Foreign Exchange Option Symmetry and a Coordinate-Free Description of a. Foreign Exchange Symmetries 3 The further symmetry is that both currencies pay interest, which we can assume to be con-tinuously paid. The FX market is the only market where this really works. In the EUR-USD market any EUR call is equivalent to a USD put. Any premium in USD. This book covers foreign exchange options from the point of view of the finance practitioner. It contains everything a quant or trader working in a bank or hedge fund would need to know about the mathematics of foreign exchange--not just the theoretical mathematics covered in other books but also comprehensive coverage of implementation, pricing and calibration/5(5).