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While the industry has changed substantially since the GFC, all foundational derivatives models were basically in place back then.
by FabHK 2y ago
While the industry has changed substantially since the GFC, all foundational derivatives models were basically in place back then.
- JumpCrisscross 2y ago> all foundational derivatives models were basically in place back then In vanilla equity options, sure. But that’s like saying we solved rockets in WWII. The foundational models were derived by then; everything that followed was refinement, extension and application.