Simulation of financial derivatives pricing using parallel Monte Carlo platform based on PC clusters

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

A parallel Monte Carlo simulation platform was designed and implemented based on PC clusters using JAVA techniques, and the load allocation strategy and multi-thread synchronization control mechanism supporting this platform were introduced. Meanwhile, the availability of parallel psuedo-random generator was also tested and verified. Finally, simulation experiments were made based on three stock option Monte Carlo pricing models, and the test results are ideal in speedup and pricing.

Original languageEnglish
Pages (from-to)85-87+101
JournalXitong Fangzhen Xuebao / Journal of System Simulation
Volume18
Issue number1
StatePublished - Jan 2006

Keywords

  • JavaRMI
  • Monte Carlo simulation
  • Multi-threading
  • Stock option pricing model

Fingerprint

Dive into the research topics of 'Simulation of financial derivatives pricing using parallel Monte Carlo platform based on PC clusters'. Together they form a unique fingerprint.

Cite this