Quantitative and qualitative aspects of Asian and Australian options

亚洲和澳大利亚期权的定量和定性方面

• 批准号: DP1095969
• 负责人: Prof Dr Christian-Oliver Ewald
• 金额: $ 6.86万
• 依托单位: The University of Sydney
• 依托单位国家: 澳大利亚
• 项目类别: Discovery Projects
• 财政年份: 2010
• 资助国家: 澳大利亚
• 起止时间: 2010-05-18 至 2013-05-16
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/DP1095969
• 关键词: Quantitative; qualitative; aspects; Asian; Australian

While Asian options are highly popular and traded over the counter all over the world, they are traded on an institutional basis in only very few countries. Australia is one of them. Variable purchase options (VPO's), where the payoff is determined by the quotient of a stock and its average price, are traded on the Australian stock exchange since 1992. They build an important component of the Australian derivatives market and are particularly interesting for foreign investors, who are not able to find this sort of financial product on their domestic markets. A better understanding of these products is necessary to maximize the benefits for Australia's financial markets and economy.

虽然亚洲期权在世界各地都非常受欢迎，并在柜台上进行交易，但只有极少数国家是在机构基础上进行交易的。澳大利亚就是其中之一。自1992年以来，可变购买期权（VPO’s）在澳大利亚证券交易所开始交易，其中收益由股票及其平均价格的商决定。它们是澳大利亚衍生品市场的重要组成部分，对在国内市场上找不到此类金融产品的外国投资者尤其感兴趣。为了使澳大利亚金融市场和经济的利益最大化，更好地了解这些产品是必要的。