In 2008 we implemented a wide array of exotic options
in PLaNETa.
 Binary options (also called digital or
cashornothing options).
 Pathdependent options.
 Asian Options — with arithmetic or geometric
averaging, with fixed or floating strike.
 Barrier Options — knockin and knockout.
 Lookback Options — with fixed or floating
strike.
 All pathdependent options in PLaNETa can have an
arbitrary set of monitoring dates: for example,
one can book (and price) an Asian option whose
average price is calculated using the asset price
between February, 23, March, 8 and July, 2.
Such options are priced using MG Soft Monte Carlo
pricing engine.
 We developed a universal Monte Carlo engine
for pricing exotic options.
 Pricing is performed using Monte Carlo simulation.
The number of iterations can be tuned to obtain a desired
accuracy / speed ratio.
 The pricing engine is versatile: it can be used to price
any pathdependent option with an arbitrary payoff function.
For instance, it can easily price an exotic option who
has features of lookback, Asian and barrier options
at the same time.
 Simulation is performed in a separate thread.
We are planning to implement the following features
in the future.
 Implement the support of new types of exotic options
(for example, rainbow options).
 Implement other numerical pricing methods (binomial model,
finite differences method, etc.).
