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October 19th 1987 was a day of huge change for the global finance industry. On this day the stock market crashed, the Nobel Prize winning Black-Scholes formula failed and volatility smiles were
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Accounting Information Systems (AIS) may be considered as a discipline as well as a collection of systems. This text discusses internal controls that are applicable in various types of organization, including trade,
There s a buzzword that has quickly captured the imagination of product providers and investors alike: "hedge fund replication". In the broadest sense, replicating hedge fund strategies means replicating their return sources

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