Mathematical models for financial transactions have proven useful to better understand the nature of the risk involved as well as to provide a unified platform from where to analyze markets. The mathematical tools can be used, among other things, to calibrate models in order to better reflect market conditions as well as to look for investment opportunities. Presently, there is a well developed financial industry that requires highly trained personal to assist in complex financial decisions involving sophisticated mathematical models.
The Financial Mathematics Research Group
The Financial Mathematics Research Group at Ryerson University is composed by Dr. Marcos Escobar, Dr. Sebastian Ferrando and Dr. Pablo Olivares. The group is based in the Department of Mathematics and has academic collaborations with the Department of Mathematics at the University of Toronto, the Department of Mathematics at UNICAMP, Brazil, Technical University of Munich, Germany, and Mar del Plata National University, Argentina. It also conducts industrial research collaborations, currently the group assists Sigma Analysis and Management on their research needs.
Research Group Funding
Sigma Analysis and Management: Analysis and Modeling of Hedge Funds.
MSc Program in Applied Mathematics
The MSc in Applied Mathematics at Ryerson University is a research based program that provides students with a solid training in foundational and technical aspects of applied computational mathematics. Interested students can specialize in financial mathematics by taking the required foundational courses as well as the specialized financial courses. These students also have the possibility of conducting hands-on projects for the financial industry. Besides the normal funding through teaching assistantships and awards, students in financial mathematics have the opportunity to access industry based funding. More details about the program structure and entrance requirements can be found in the above link.
Seminars, Research Activities and Students
The Departmental Seminar Series houses the financial mathematics seminars where financial practitioners are regularly invited to speak. Technical reports written by members of the group and collaborators can be obtained from the web page of RAMLab (Ryerson Applied Mathematics Laboratory). This laboratory offers students access to powerful computers needed during their research activities. Some of the research areas available to students are:
Students, research assistants and post doctoral fellows who
are currently being supervised or have been supervised by members of the Mathematics Finance Group can be found
The following is a list of upcoming and past seminars organized by the Mathematical Finance group: