Retraction Note to: Finance Stoch (2015) 19: 979–993 DOI 10.1007/s00780-015-0277-8

The article “The distribution of the maximum of a variance gamma process and path-dependent option pricing” published in Volume 19/4, pages 979–993, DOI 10.1007/s00780-015-0277-8 has been retracted by agreement between the author Roman V. Ivanov and the journal’s Editors Martin Schweizer and Chris Rogers. The retraction has been agreed because the paper contains a fundamental error which invalidates the results of the paper. The paper studies a variance gamma process as a time change of Brownian motion, but in Sect. 5 the proof of Theorem 2.1 incorrectly assumes that the pathwise maximum of the time-changed Brownian motion is the time-change of the maximum of the Brownian motion. We are grateful to Alexey Kuznetsov for detecting this error and drawing it to our attention.