Financial Engineering

Zhaodong Wang and Weian Zheng

Chapter 9 in High-Frequency Trading and Probability Theory, 2014, pp 159-166 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The Financial Engineering (FE) is a multidisciplinary field involving financial theory, the methods of engineering, the tools of mathematics and the practice of programming. It has also been defined as the application of technical methods, especially from mathematical finance and computational finance, in the practice of finance. A lot of high technology has been applied in FE, which is why one calls it as engineering. FE is quite different from traditional financial study. In broadest definition, anyone who uses technical tools in finance could be called a financial engineer, for example, any computer programmer in a bank or any statistician in a government economic bureau. However, most practitioners restrict the term to someone educated in the full range of tools of modern finance and whose work is informed by financial theory. It is sometimes restricted even further, to cover only those originating new financial products and strategies…

Keywords: High-Frequency Trading; Algorithm Trading; Program Trading; Technical Analysis (search for similar items in EconPapers)
Date: 2014
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