Professor Yong Hoon Kwon (MATH) was awarded “The Third KRX Best Paper Award in Derivatives” that is sponsored by KRX (Korea Exchange). KRX held KOSDA (The Korean Swaps Dealers Association) Forum on Apr. 3 in Lotte Hotel Busan, and presented award ceremony.
In this contest, that has been implemented since 2009 for the development of the domestic derivatives market and encouragement of research and development of derivatives, Prof. Kwon’s team presented the paper, “A Second-order Finite Difference Method for Option Pricing under Jump-diffusion Models”. KRX evaluated this paper as “It provides algorithm that increases computational efficiency when evaluating option price, and can be utilized to evaluate a variety of derivatives.”
It is the second time that Bong-Gyu Jang (IME) was one of professors of POSTECH awarded “KRX Best Paper Award in Derivatives” followed by Prof. Kwon.