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Topic: Financial mathematics

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In the News (Thu 25 Apr 19)

  Financial mathematics - Wikipedia, the free encyclopedia
Financial mathematics is the branch of applied mathematics concerned with the financial markets.
The subject naturally has a close relationship with the discipline of financial economics, however the subject is narrower in scope and more abstract.
A central difference is that whilst a financial economist might study the structural reasons why a company may have a certain share price, a mathematician may take the share price as a given, and attempt to use stochastic calculus to obtain the fair value of derivatives of the stock.
en.wikipedia.org /wiki/Financial_mathematics   (208 words)

 Financial Mathematics Guide [FSU Math]   (Site not responding. Last check: 2007-10-05)
The depth of mathematical understanding they achieved in closely related disciplines is felt to explain the success of the large numbers of physicists and mathematicians now functioning ably on "the Street".
ECO 5282, Financial Economics II (3, Fall) or another course chosen by the Economics Graduate Advisor for Financial Mathematics and the Director.
The Financial Engineering program is designed for students wishing to obtain positions in the securities, banking, and financial management/consulting industries, and as analysts in corporate treasury and finance departments of general manufacturing and service firms.
www.math.fsu.edu /~smith/Guides/finmath.html   (6315 words)

 Financial Mathematics
The Financial Mathematics Research Group at King's College London was formed in 2000, and is currently staffed by Dr I. Buckley, Prof.
The Financial Mathematics Group organises a series of regular seminars and conferences in mathematical finance and applied probability aiming at (a) supporting and stimulating the research environment within King's, and (b) providing the wider academic community as well as practitioners within financial institutions with access to the most recent advances in the area.
Members of the Financial Mathematics Group are available for in-house training in financial institutions on a wide range of specialised topics, and are also willing to undertake consultancy projects in their areas of specialisation.
www.mth.kcl.ac.uk /research/finmath   (645 words)

Financial institutions, however, are increasingly turning to mathematicians to model the changing values of stocks, commodities and other financial assets.
One goal of financial mathematics, Fouque says, is to model the evolution of the value of stocks, commodities and other financial assets to correctly price and hedge options written on them.
Much financial mathematics research is based on the work of Myron Scholes, Robert Merton and the late Fischer Black, economists who in the 1970s developed a formula that estimates how much a stock option is worth at any point in time.
www.taborcommunications.com /dsstar/01/0605/103116.html   (584 words)

 Proposal for an MS Program in Financial Mathematics in the School of Humanities and Sciences
Mathematical Finance (Math 241, same as Stat 250 and Econ 289; course started in 1998-99) The first two courses are in Stochastic Processes and Statistics, the second two in Applied and Computational Mathematics, and the last two in Finance.
Introduction to Financial Mathematics (Math 180; course to start in 1999-00) This is a new course that will be given normally in the fall quarter, except for 1999-2000 when it will be given in the spring quarter.
In addition to the mathematics and statistics department faculty that will be involved (Dembo, Lai, Owen, Papanicolaou), one Szego assistant professor will also be involved (Mattingly) and we are looking to bring another Szego assistant professor in the financial mathematics area.
www.stanford.edu /dept/facultysenate/archive/1998_1999/reports/106127/106282/106285.html   (3664 words)

 What is Financial Mathematics?   (Site not responding. Last check: 2007-10-05)
Financial mathematics is the application of mathematical methods to the solution of problems in finance.
Mathematics comes into play because it allows theoreticians to model the relationship between variables and represent randomness in a manner that can lead to useful analysis.
Mathematical finance draws from the disciplines of probability theory, statistics, scientific computing and partial differential equations to provide models and derive relationships between fundamental variables such as asset prices, market movements and interest rates.
www.math.nyu.edu /financial_mathematics/whatisfm.html   (502 words)

 Financial mathematics - Encyclopedia.WorldSearch   (Site not responding. Last check: 2007-10-05)
Moneyscience.org - An open-access resource for academics and practitioners working in finance and economics, physics, applied mathematics and computing.
The Mathematics of Financial Derivatives : A Student Introduction
An Introduction to the Mathematics of Financial Derivatives
encyclopedia.worldsearch.com /financial_mathematics.htm   (282 words)

 Financial Mathematics and Differential Models in the Sciences and Economics
On the other hand, Financial Mathematics should not be detached from the rest of Mathematics.
It is devoted to presenting the necessary background in Analysis for careful exposition of Financial Mathematics.
Financial aspects, financial support is forseen for the students from participating institutions.
www.mimuw.edu.pl /fmdm   (1011 words)

 Introduction to Financial Mathematics, MAP 5xx (3 credits)
The two additional committee members can be selected from the faculty of the Departments of Mathematics, Economics and Finance, Computer Science, or Engineering Management and Systems, and at least one of these two members can be selected from local or regional business or industry.
Financial Analysis and Markets, MBA 620 (3 credit hours)  Students entering with sufficient background in finance will have the MBA 620 requirement waived.
Mathematics Clinic (three credit hours) is the capstone requirement of the program.
academic.udayton.edu /PaulEloe/curriculum.htm   (2388 words)

 Financial Mathematics
Financial Mathematics is the application of advanced mathematical methods to financial markets and financial management, using advanced computer technology to predict the behavior of the markets and suggest strategies for investment.
Mathematical models are used to predict returns, measure risk, and value complicated transactions.
The Financial Mathematics program at BGU is offered by the department of mathematics in collaboration with the department of economics.
www.math.bgu.ac.il /~bessera/financial   (600 words)

 Actuarial Outpost - U of Chicago on financial mathematics
Weather derivatives are a small segment of the massive financial derivatives industry, a potential career path for graduates of the University’s Financial Mathematics Program.
Lee, formerly a Szegö assistant professor of mathematics at Stanford University, was attracted to Chicago because of its “leading position in mathematics and in finance,” he said.
The Mathematics Department established the Financial Mathematics Program under the leadership of Robert Zimmer, a former chairman of the Mathematics Department and now the provost at Brown University.
www.actuary.ca /actuarial_discussion_forum/showthread.php?t=47341   (865 words)

 Financial Mathematics Kick-off Workshop
The Opening Workshop for the SAMSI program on Financial Mathematics, Statistics and Econometrics will be held Monday-Wednesday, September 19-21, 2005, at the Radisson Hotel RTP in Research Triangle Park, NC.
The goal of the opening workshop is to initiate discussion focused on identifying avenues of areas of research in financial mathematics, statistics and econometrics, including models of risk and uncertainty, extreme events; equity, credit, and energy markets; computational and practitioners issues, portfolio optimization.
The workshop is open to applied mathematicians, statisticians, economists, and related fields, with interest in or research focus on financial mathematics, statistics and econometrics.
www.samsi.info /200506/fmse/fmse-workshop200509.html   (551 words)

 Wilmott Forums - Students of financial mathematics/mathematical finance   (Site not responding. Last check: 2007-10-05)
This is the problem: I'm involved in forming a curriculum for financial maths students and I'm trying to decide on the competences (is that a word?) a financial maths graduate should have.
And the students also complain that this course (which is within the economics department) has little to do with their financial maths background.
However, taking into account that financial maths graduates will also have to co-operate with economics and econometrics graduates, being able to understand what they're talking about, is possibly also needed.
www.wilmott.com /messageview.cfm?catid=3&threadid=24058   (527 words)

 Cov Uni - MIS - Financial Mathematics BSc
The aim of this course is to produce graduates with strong mathematical and computational skills and a thorough understanding of their application in the world of modern finance.
In the final year you will have the opportunity to specialise in topics such as the Mathematics of Financial Derivatives and Portfolio Theory and to undertake a project devoted to some aspect of Financial Mathematics.
In all cases you should have GCSE at grade C or higher in Mathematics and English (or equivalent qualification).
www.corporate.coventry.ac.uk /index.jsp?d=187&a=11058   (452 words)

 Amazon.co.uk: Books: The Mathematics of Financial Derivatives: A Student Introduction   (Site not responding. Last check: 2007-10-05)
This, together with the sophistication of modern financial products, provides a rapidly growing impetus for new mathematical models and modern mathematical methods; the area is an expanding source for novel and relevant 'real-world' mathematics.
Depending on the level of mathematical background that you are coming from, you may find having an alternative math reference and detailed financial concepts reference very handy, when reading this book.
The approach of this book to mathematical treatment is very direct, and to a large degree unsympathetic, in that it assumes your familiarity with the engineering calculus, probability and statistics, and do not waste time repeating them.
www.amazon.co.uk /exec/obidos/ASIN/0521497892   (888 words)

 Financial Mathematics
Since Mathematics impinges on many other academic disciplines, and since some mathematics undergraduates wish to study applications to other areas, several new degree schemes are being submitted for approval by the university.
This degree in will produce graduates their mathematical knowledge enhanced by an appreciation of its impact on the world of business and finance.
Because the first two years of these schemes coincide with the standard Mathematics degree G100, plus a suitable selection of options, any student not wishing to continue with the Financial flavour in the final year will be able to change course to G100.
www.informatics.bangor.ac.uk /public/mathematics/teaching/ugrads/p145/finmath.html   (288 words)

 ETH :: D-MATH :: Education in Financial Mathematics at ETH Zürich
The management of financial risks as well as the appropriate handling of modern financial instruments (options, futures or swaps) is an important task within each company.
Financial Mathematics draws from the disciplines of probability theory, statistics, scientific computing and partial differential equations to provide models and derive relationships between fundamental variables such as asset prices, market movements and interest rates.
The ETH Zürich considers Financial Mathematics as one of its key subjects in education and research.
www.math.ethz.ch /finance/education-in-finance.html   (367 words)

 MSc in Financial Mathematics
The increase in financial activity has seen a corresponding growth in the employment of graduates in mathematics and related disciplines by banks and investment houses.
A sound understanding of the mathematics of financial modelling and derivative pricing is essential to being able to offer new products, to manage financial risks of all kinds, and potentially to give a finance house a competitive edge in the market.
Financial econometrics is the statistical modelling of financial data such as asset prices and returns.
www.ma.hw.ac.uk /ams/msc_finmath   (2532 words)

 The Mathematics of Financial Modeling & Investment Management
No Finance is only the second field of human endeavor (after physics) that draws on essentially every branch of mathematics: calculus, linear algebra, probability, differential equations, measure theory, stochastic calculus.
This outstanding reference surveys it all, detailing results that are important for financial professionals and illustrating them with examples.
The authors illustrate how the mathematics is used in finance, with discussions of fixed income markets, portfolio theory, futures and forwards, options pricing and more.
www.riskbook.com /titles/focardi_and_fabozzi_(2004).htm   (341 words)

 Professional Master's Degrees in Science & Mathematics - University of Connecticut
Opportunities to apply mathematics skills in business and financial environments are growing rapidly, but a typical undergraduate mathematics degree may not adequately prepare a student to work effectively in a business environment.
The program emphasizes finance, applied mathematics, problem-solving and communication skills that dramatically increase the graduate's value to an employer.
The target students have bachelor's degrees in mathematics, finance, statistics, economics, physics, or other related fields who want to pursue careers in financial services.
www.smasters.uconn.edu /appliedfin.htm   (389 words)

 Financial Mathematics and Statistics   (Site not responding. Last check: 2007-10-05)
This is a joint major between the Departments of Mathematics and Statistics and Applied Probability, with the cooperation of the Department of Economics.
It focuses on the pricing of financial assets, including equities, bonds, currencies and derivative securities; portfolio management and the evaluation of financial risks; the financing of corporations; and many other topics.
In order to become a Financial Mathematics major, a minimum grade point average (GPA) of 2.5 will be required in specific courses used as preparation for the major.
www.math.ucsb.edu /ugrad/financial.php   (461 words)

 Short Course on The Mathematics of Financial Risk Management
After the success of the pricing theories in the early nineties, risk management, which deals with related but fundamentally different issues, is attracting a great deal of attention in the academic community triggering its increasing protagonism in the banking, as well as in the insurance and utility industry.
Luis A. Seco is Director of RiskLab-Toronto, a mathematical finance laboratory located at the University of Toronto which conducts research in mathematical finance and risk-management in partnership with Algorithmics Inc. and in cooperation with the local financial industry.
Prior to that, he was a mathematical physicist studying the structure of large atomic systems, for which he was awarded the Sloan and Connaught Fellowships, as well as awards from the NATO Science Division.
www.siam.org /meetings/an98/course1.htm   (451 words)

 Pitt Mathematics: Professional SM Degree Program   (Site not responding. Last check: 2007-10-05)
NOTE: Financial support in the form of a teaching assistantship is not available for students in the PSM program.
A thorough understanding of the computational and analytical methods of finance and risk is essential for financial officers and managers of many commerical and institutional enterprises.
The goal of this program is to train a new class of professionals with strong scientific and mathematical qualifications, as well as managerial and business skills.
www.math.pitt.edu /graduate-pm-ra.html   (309 words)

 Financial Mathematics – NZ Education – Victoria International   (Site not responding. Last check: 2007-10-05)
A programme designed to meet the demand for enhanced quantitative skills in the financial and business sectors, normally for graduates with a minimum of two years’ study in mathematics or related quantitative subjects, such as statistics, money and finance, econometrics or operations research.
A programme of advanced study in selected areas of risk management, insurance and financial mathematics.
Those with an appropriate diploma, such as the Postgraduate Diploma in Financial Mathematics, or a relevant Honours degree may be allowed directly into the second year.
www.vuw.ac.nz /international/planning/commerce/financial_math.html   (159 words)

 Financial Mathematics Section home Page   (Site not responding. Last check: 2007-10-05)
The Applied Mathematics section, along with Pure Mathematics, Numerical Analysis, Mathematical Physics, Financial Mathematics, and Statistics make up the Department of Mathematics at Imperial College.
Applied mathematics is a broad subject and Imperial has people who are interested in most areas of it from oceanography to financial maths and from biological fluid dynamics to chaotic systems.
Many of Imperial's academic staff are recognised as world experts in their chosen specialisation and are frequently invited to give seminars to international audiences.
www.ma.ic.ac.uk /sections/page.php?code=applied&page=home   (189 words)

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