If I were, I'd be doing exotic derivatives.

Brett's immersion in finance was a two-year stint as broker in so-called "exotic derivatives", which we'll come to in a minute.

He stays away from exotic derivatives.

As regards valuation, given their complexity, exotic derivatives are usually modelled using specialized simulation- or lattice-based techniques.

Often, it is possible, to "manufacture" the exotic derivative out of standard derivatives.

Now Wall Street rocket scientists draw on this 50-year-old work when creating exotic new derivatives.

More generally though, simulation is employed for path dependent exotic derivatives, such as Asian options.

We don't tend to do shorting or buying exotic derivatives.

Products such as swaps, forward rate agreements, exotic options - and other exotic derivatives - are almost always traded in this way.

The company's initial product was a software algorithm that dramatically reduced the time required for Monte Carlo pricing of exotic financial derivatives and structured products.