### Practical Valuation of Power Derivatives

In this paper I look at the practical valuation of power derivatives from a trader’s perspective. Most people that have written about valuation of power derivatives are academics or quants working in the research departments […]

### Potential Future Exposure Calculations Using the BGM Model

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### What is Implied by Implied Volatility?

Word and concept Implied volatility is not just a word or a concept. As a word, what is implied by implied volatility – what “implied volatility” means – is the value of the Brownian diffusion […]

### Sensible Sensitivities for the SABR Model

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