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Category: FINANCE

PRICING AND HEDGING OF GUARANTEED MINIMUM BENEFITS IN VARIABLE ANNUITIES

The shift from defined benefit to defined contribution superannuation schemes within developed countries has correspondingly increased the importance of retirement savings and investment plans. Variable annuities (VAs) with guaranteed minimum benefits (GMBs) are gaining in popularity as products that can meet the demands of the ageing population. However, guaranteeing policyholders a minimum level of return

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LIMIT ORDER PLACEMENT BY HIGH-FREQUENCY TRADERS

The recent high profile court cases in the U.S., UK and China on high frequency trading (HFT) have further elevated the concerns about HFT. In particular, a core issue in the ongoing debate is the impact of HFT on market liquidity. Market participants have long argued that the liquidity provided by HFT traders is illusory

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A LEARNING PROCESS USING SVMS FOR MULTI-AGENTS DECISION CLASSIFICATION

Contact CMCRC for this article Author(s): Yanshan Xiao, Feiqi Deng, Bo Liu, Shouqiang Liu, Dan Luo, Guohua Liang

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