什麼是股票、外彙和利率異國情調的市場標準模型？

對於用於為股票、外彙和利率定價的模型是否有任何行業共識？我假設對於香草選項，他們都使用黑色模型，但是外來選項呢？

Also, for those standard models applied to exotics, do they have closed form solutions like Black & Scholes or they all use Monte Carlo simulations to generate paths for the underlying and the stochastic volatility?

In equity and FX it’s LSV (local stochastic volatility) models, with each shop probably using their own LSV twist/flavour.

In rates I believe (variations on) SABR is still the standard, but more general LSV models may be catching on there as well.

引用自：https://quant.stackexchange.com/questions/44437