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What Is the Standard Model for the Pricing of Mini Futures?
The most important thing that you need to take care in the mini future is to model this possibility of crossing the barrier in a very sudden move. That can be either caused by a big jump or a catastrophic jump, or it can also be caused by the fact that the market closes for overnight. And if the move happens overnight, the trader cannot undo his position because the market is closed. The former camp is shrinking, so more and more people are using a model. As far as I know, there is no standard yet or no model that we use by everyone.