all about risk
all about risk
allaboutrisk.com
Monday, 21st May, 2012
homeloginabout usabout usregister nowadd companysite map
vendor comparisonannual risk reportwhite papersvendor comparisonrisk eventsrisk jobsrisk newson the move
all about risk
all about risk
 
all about risk
enterprise-wide risk
credit risk
operational risk
market risk
trading risk
compliance risk
technology risk
risk analysis
all about risk
all about risk
all about risk
vendors
consultancy firms
service firms
associations
all about risk
all about risk
all about risk
Exact Match
all about risk
all about risk
Numerix Software Gives University of Technology, Sydney Financial Engineering Students a Dose of OTC Derivatives Reality
24/Mar/2010
Postgraduate finance students at the University of Technology, Sydney (UTS) have a new window to the real-world operations of the OTC derivatives markets thanks to the support of leading international pricing and analytics software provider Numerix.   The company has provided UTS with full-featured software licenses for use in teaching and non-commercial research, an in-kind contribution to the University worth more than one million dollars per year in licensing fees.   Director of the Quantitative Finance Research Centre (QFRC) in the UTS Faculty of Business, Professor Erik Schlögl stated, "The software would be used in teaching in the Master of Quantitative Finance (MQF) degree, an advanced degree for quantitative analysts, traders, risk managers and financial engineers. These are graduates that are already in high demand, with a 100 per cent graduate employment rate from the MQF on the most recent data available, even during the financial crisis."   "The Numerix CrossAsset platform has become an industry standard for pricing and risk management of structured financial products," Professor Schlögl said.   "We are both pleased and excited to be able to make this software contribution to the University of Technology, Sydney, in support of their Master of Quantitative Finance degree program.  The opportunity for Numerix to contribute to the training and education of the future quantitative analysts, traders, risk managers and financial engineers of tomorrow is a tremendous honor for us," said Numerix President and COO Steven R. O'Hanlon. "Using Numerix CrossAsset as part of the MQF degree program will perfectly complement the already excellent theoretical training that MQF students receive to produce well-rounded graduates who can be immediately productive in a practical work environment whether it be on a trading desk or providing quantitative support."   Senior Quantitative Analyst in Market Risk at the National Australia Bank and an Adjunct Professor at UTS, Dr. Alan Brace, said that besides traditional models Numerix contains many models close to the cutting edge on which "consensus has been reached, bugs ironed out, and calibration issues sorted."   "So UTS students in the MQF degree can not only practice on industrial-strength software, but are also assured of a disciplined framework in which to learn the mathematics of appropriate and up-to-date models," Dr. Brace said.   Professor Schlögl said the alliance with Numerix allows UTS to further strengthen the position of its MQF program as a serious competitor among programs of this type at leading universities in North America, Europe and Asia.   "On the research front the implementation of all standard financial market models in Numerix CrossAsset XL will allow QFRC researchers to benchmark their own research against existing models, under actual market conditions," Professor Schlögl said.     About Numerix Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products.   Since its inception in 1996, more than 375 financial institutions and 45 strategic partners across 25 countries rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments.  With offices in New York, London, Tokyo, Hong Kong, Singapore and Dubai, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information, visit: www.numerix.com.   About the QFRC The Quantitative Finance Research Centre encompasses the largest and pre-eminent concentration of research strength in quantitative finance in Australia, and is recognised as one of the leading centres for this discipline in the Asia-Pacific region. The group focuses on financial risk management and the associated quantitative methods. Areas of particular interest include simulation techniques in finance, financial optimisation, credit risk, financial econometrics and market design issues. For more information, visit: www.business.uts.edu.au/qfrc/
 
 
News Search
Keyword:
Risk Area:
Contract Wins
Click here rss to view more news
Archive
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
more...
 
 
 
Risk Home | Risk Vendor Directory | Risk Consultancy Directory | Risk Associations Directory | Risk Services Directory |
New Products | Risk Events | Annual Risk Report | On The Move | Risk Industry Resources | Contact Us | Site Map