SHTAR: a financial product definition language
A gradual introduction to chronological records and payments, declared state, modular payables, contexts and valuation interpretations.
Explore the ideasThe library
Papers &
working documents.
Research and working documents from Cryptorado. Explore the public ideas, the SHTAR reference and selected earlier publications.
Read PDF
SHTAR language reference
Technical definitions for implementers and AI clients: values, state, typed contexts, events, composition, registration and the proposed portable representation.
From SPX option prices to structured-product insight
A one-page introduction to contract rules, market models and why the path matters for memory coupons and early redemption.
Markets do not run at one speed
Bespoke solutions to a universal pricing problem.
A short illustrated introduction to the research, its empirical foundations and intended applications. Includes a selected bibliography.
Research references and related publicationsA Markov Interpretation of Rough Volatility
A market-focused interpretation of rough volatility, connecting skew dynamics and future smiles to a compact model of financial activity. Includes an SPXW illustration and a comparison of forward-start prices.
View on ResearchGate
Discretionary Exercise by Conditional-Density Reweighting of Monte Carlo Paths
A general Monte Carlo approach to exercise decisions, designed to work across models and products without choosing model-specific regression variables and basis functions.
View on ResearchGate
For AI clients
Work from the published text.
The read-only MCP endpoint makes the published documents available for retrieval and search.