please give me some suggestion

hi, I have applied the PHD candidate of Finance in Australia National University, My interest in the derivative securities and relative pricing & trading strategy analysis, do you think this could be a useful trend for the industry development, and I would like to do some relocation of the popular models of derivatives (black-scholes, binominal model) in their indicator or parameter, and hope this can be successfully used in present and future main financial market of Aisa countries: Singarpore, HongKong, Tokyo,Shanghai,and some others , but I see that is indeed a ambitious plan and very hard to know the detail of the these markets. Thus I hope here people who did this relative area and could give me some advice about my research plan and better for recommodating some good ideas..

Sincerely thank a lot!!

and sorry from a chinese student (Here is no chinese typing programme in my University labs)