Financial engineers bring their knowledge base and perspectives to serve the financial industry for applications including the development of high-speed hardware and software infrastructure in order to trade securities (financial assets) within microseconds or faster, the design and implementation of high-frequency trading algorithms and systems, and advanced trading and risk management solutions for large size investment portfolios. A well-equipped financial engineer understands how the markets work, seeks to explain the behavior of the markets, develops mathematical and stochastic models for various signals related to the financial assets (such as price, return, volatility, movement) through analyzing available financial data as well as understanding the market microstructure, then builds trading and risk management strategies using those models, and develops execution strategies to get in and out of investment positions in an asset.
Course Overview
• Introduction to Basic Fixed Income Securities
• Review of interest and basic fixed income securities
• Introduction to arbitrage pricing
• Introduction to Derivative Securities
• Option Pricing in the Multi-Period Binomial Model
• Introduction to Mortgage Mathematics and Mortgage-Backed Securities
Graduates often find employment in investment banking, business, regulatory agencies, and insurance companies.
Course Overview
• Introduction to Basic Fixed Income Securities
• Review of interest and basic fixed income securities
• Introduction to arbitrage pricing
• Introduction to Derivative Securities
• Option Pricing in the Multi-Period Binomial Model
• Introduction to Mortgage Mathematics and Mortgage-Backed Securities
Graduates often find employment in investment banking, business, regulatory agencies, and insurance companies.