Machine  learning  techniques can be used for risk management,  portfolio optimization and other aspects of quantitative finance. 

Exchange Options plays vital role in managing currency risk by providing a means to  hedge against fluctuations in exchange rates between two currencies engaged in investments.

Mathematical technique used to approximate the value of options especially when analytical  solutions are not feasible by using finite difference method(FDM), Monte Carlo simulation methods.

Interest rate derivatives provides flexibilty for investors to customize their  exposure to interest rate movement and manage their portfolios effectively.

Involves discrettizing the PDE problem in space and time and solving the resulting  system of equations numerically