Thanks a lot!So I have to code a specific module to price it....

<t>A bank issued this product which looks quite normal, but I don't know how to decompose it. Is there any one who can help me?the terms are like this:- it has two years life, which is divided into 8 observation periods;- it is linked to an equity index;- the final payoff is determined as: max(0, av...

<t>DavidF, just to confirm, so you mean that when shortterm vol goes so high that shortterm call's price is bigger or equal to long term call's, then buy the long term and sell the short term to get immediate profit or self-funded at least now. when short term expires, sell the long to make another ...

<t>How can a bumpy Vol surface cause some arbitrage opportunities? For example, along the term dimention, short term vol is quite high (it is especiallly true when it goes close to expiration date), for middle term, it dropped to normal level, and for next term, vol raised up a lot again. (e.g., 1m ...

<t>ppauper, thanks a lot for your kindness. Maybe I should take it easy and choose one way from the three, and then everything will be ok. But I think the aimed point is quite important here, considering those invisible ceilings and competition in this business. E.g., if I go to read a MFE( thanks f...

jaskaplan, to some extent, you are right. I graduated two years ago, and my master is not focused on quite specific area. That is why my question come out...

<t>A master degree in Finance, and two years' working experience in market risk management. So what can be my career path?Some choices appear in my mind:1. Go to read a master of finance and become a quant? or 2. Keep working for more years, and become a risk manager? or3. Find some chance to go to ...