Since 2007, the successive financial crises have pushed certain terms into the economic spotlight, which until then had been reserved for specialists on trading platforms: Credit Default Swaps, short sales, risk cover, volatility, Value-at-Risk, sovereign obligations, etc. This field of highly specialized mathematics allows students in the trading course to shine thanks to this knowledge. The study of stochastic mathematics, for example, gives students access to prestigious positions.
This course is an initiation into mathematic models that are at the base of these concepts and several others. The course designers deliver an in-depth analysis of these models and their founding principles. They lead critical discussions on the use of these models in the identification of investment strategies, asset evaluation and risk management associated with market activity. Large sections of financial mathematics will be approached in a detailed manner according to their usefulness in the CIT’s trading program. We begin with stochastic mathematics, which lays the foundation for students wishing to continue in this prestigious discipline to seek acceptance into a renowned masters program to become quants, in the example of the mathematics master Nicole El Karoui. Generally speaking, students at the CIT who wish to launch their educational career in financial mathematics will find that the school offers sufficient training in the fundamental basics, complimented by a concrete experience in trading. This will be very useful to the continuation of their education into a master’s or doctorate program.
This course invites the student to dive into the heart of a fascinating discipline, which is widely controversial and regularly at the front page of financial news.