Trump is Back
Donald Trump was elected 47th President of the United States. The Fed and the Bank of England both cut their main interest rates.
Tom J. Espel
Out of Jobs
The US delivered disappointing jobs growth in October. A new US President will be elected on Tuesday.
Japan Voted
Japanese PM Ishiba loses parliamentary majority. Israel retaliated against Iran with no impact on oil production.
European Easing
The European Central Bank cut rates, as expected. UK inflation surprises with lower-than-expected figure in September.
Proof : Geometric Brownian Motion
We will derive the closed form of the Geometric Brownian Motion with Itô's lemma.
Proof : Black Scholes Merton Equation
The proof of the Black Scholes and Merton partial differential equation for options is one of the most likely to be asked in any interview in Quantitative Finance. Let's go through it together.