ABSTRACT
Modern financial mathematics is definitely among the most popular subjects of applied mathematics today from both the academic and the industry point of view. The attractivity of the research problems and methods paired with enormous interest by students resulted in the creation of many master programmes in financial mathematics including new chairs in this area. The increasing complexity of derivatives traded at stock exchanges, the big demand for sophisticated products, and the exact valuation methods required by the banks, insurance companies, and investors at the financial markets created a huge demand for mathematical methods and models that had not been encountered before in this area.
