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.
Roughly Rough
Tractable Markov Processes Emulating Rough Volatility
Markov constructions with additional stochastic clocks, their mathematical properties and numerical interpretations.
Research overviewFor AI clients
Work from the published text.
The read-only MCP endpoint makes the published documents available for retrieval and search.