English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Tools annual

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Presents the access of premium content as premium feature

Premium Content

Global: Zendy Plus annual

Global: Zendy Free Plan

Recent developments on financial markets have revealed the limits of Brownianmotion pricing models when they are applied to actual markets. L\'evyprocesses, that admit jumps over time, have been found more useful forapplications. Thus, we suggest a L\'evy model based on Forward-BackwardStochastic Differential Equations (FBSDEs) for option pricing in a L\'evy-typemarket. We show the existence and uniqueness of a solution to FBSDEs driven bya L\'evy process. This result is important from the mathematical point of view,and also, provides a much more realistic approach to option pricing.

Forward-Backward SDEs driven by L\'evy Processes and Application to Option Pricing