Back هندسة مالية Arabic Maliyyə mühəndisliyi Azerbaijani Финансово инженерство Bulgarian Enginyeria financera Catalan Χρηματοοικονομική μηχανική Greek Ingeniería financiera Spanish مهندسی امور مالی Persian Enxeñaría financeira Galician वित्तीय इंजीनियरी Hindi Teknik finansial ID
| Fields |
|
The main applications of financial engineering[1][2] are to:
|
Financial engineering is a multidisciplinary field involving financial theory, methods of engineering, tools of mathematics and the practice of programming.[3] It has also been defined as the application of technical methods, especially from mathematical finance and computational finance, in the practice of finance.[4]
Financial engineering plays a key role in a bank's customer-driven derivatives business[5] — delivering bespoke OTC-contracts and "exotics", and implementing various structured products — which encompasses quantitative modelling, quantitative programming and risk managing financial products in compliance with the regulations and Basel capital/liquidity requirements.
An older use of the term "financial engineering" that is less common today is aggressive restructuring of corporate balance sheets.[citation needed] Mathematical finance is the application of mathematics to finance.[6] Computational finance and mathematical finance are both subfields of financial engineering.[citation needed] Computational finance is a field in computer science and deals with the data and algorithms that arise in financial modeling.
- ^ Marek Capiski and Tomasz Zastawniak, Mathematics for Finance: An Introduction to Financial Engineering, Springer (November 25, 2010) 978-0857290816
- ^ David Ruppert, Statistics and Data Analysis for Financial Engineering, Springer (November 17, 2010) 978-1441977861
- ^ "MS in Financial Engineering". Columbia University Department of Industrial Engineering and Operations Research. Archived from the original on 2017-01-19. Retrieved 2017-01-18.
- ^ Tanya S. Beder and Cara M. Marshall, Financial Engineering: The Evolution of a Profession, Wiley (June 7, 2011) 978-0470455814
- ^ Qu, Dong (2016). Manufacturing and Managing Customer-Driven Derivatives. Wiley. ISBN 978-1-118-63262-8.
- ^ Cite error: The named reference
Dubilwas invoked but never defined (see the help page).