Estimating cash settlement price: the bootstrap and other estimators

The bootstrap estimators exhibit greater accuracy than the status quo estimator (SQE) in determining cash settlement price. The approach allows the amount of trimming observations to become optimally estimated. The bootstrap estimators that showed greater accuracy are grounded on trimming or Winsorization. Two bootstrap estimators, such as the adaptive truncated mean (ATM) and adaptive Winsorized mean (AWM), post better performance as compared to other estimators such as the symmetric truncated mean (STM).