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, definitions and implementation notes by Gregory Pelts. Start with the guide for the ideas, then use the reference for the details.
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SHTAR language reference
Technical definitions for implementers and AI clients: values, state, typed contexts, events, composition, registration and the proposed portable representation.
Pricing SPX autocalls and options
One implementation profile using a saved Markovian rough-volatility calibration, dated claim values and forward-regression controls. The included numerical example is provisional.
A Markovian Interpretation of Rough Diffusion
Gregory Pelts. Roughly Rough: Tractable Markov Processes Emulating Rough Volatility.
Finite-dimensional Markov constructions with stochastic clocks, developed as a mathematical basis for modeling rough-volatility behavior and conditional valuation.
Research overviewFor AI clients
Work from the published text.
The read-only MCP endpoint makes the published documents available for retrieval and search.