A parallel Monte Carlo simulation on cluster systems for financial derivatives pricing

Jin Suk Kim, Suk Joon Byun

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

8 Scopus citations

Abstract

In recent years the complexity of numerical computations in computational financial applications has been increased enormously. Monte Carlo algorithm is one of main tools in computational finance. In this paper, we show a parallel Monte Carlo algorithm for financial derivatives pricing. We show that the parallel Monte Carlo algorithm1 has good speed-up feature by extensive experiments.

Original languageEnglish
Title of host publication2005 IEEE Congress on Evolutionary Computation, IEEE CEC 2005. Proceedings
Pages1040-1044
Number of pages5
StatePublished - 2005
Event2005 IEEE Congress on Evolutionary Computation, IEEE CEC 2005 - Edinburgh, Scotland, United Kingdom
Duration: 2 Sep 20055 Sep 2005

Publication series

Name2005 IEEE Congress on Evolutionary Computation, IEEE CEC 2005. Proceedings
Volume2

Conference

Conference2005 IEEE Congress on Evolutionary Computation, IEEE CEC 2005
Country/TerritoryUnited Kingdom
CityEdinburgh, Scotland
Period2/09/055/09/05

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