Quant Finance gains relevance

  • 17th MathFinance Conference shows the influence of quant finance on the financial industry
  • Talks range von risk and validation models to quantum computing
  • More than 100 participants discuss new trends

Frankfurt, 24th April 2017 With the increasing influence of information technology in the financial industry the need for quantitative finance experts gains more and more importance for banks and asset management firms. That is one of the conclusions of the 17th MathFinance Conference, held on 20th and 21st April in Frankfurt. With more than 100 delegates the conference covered topics ranging from calibration to model governance to new models in risk analysis.

“The conference was successful in establishing a bridge between the research results of leading universities and the practical application in the financial industry,” said Professor Uwe Wystup, founder and Managing Director of MathFinance AG, the organizers of the conference. “Whether in currency trading, asset management or in the derivatives risk management, best models and algorithms are the key components to survive.” Many of the recommended practices like the application of quant computing for portfolio optimization are still in their nascent stages. But all market participants are on the search for ideas to still remain competitive.

The IT and handling of models can change the future of banking significantly. Big banks benefit by scalable business. Experienced senior experts report for the first time that in a world of “radical uncertainty” quants are required more than ever. However, they need to become aware of the limitations of risk models and be open to newer areas like artificial intelligence, behavioral finance and statistics and how that all ties into the traditional models. This is also becoming more and more visible in the insurance sector.

Detailed information can be found under: https://mathfinance.com.

MathFinance, founded by Uwe Wystup in 2003, is an independent consulting and software company specializing in risk management of derivatives in all asset classes. MathFinance works for financial institute, investors, banks and public organizations. MathFinance offers tailor-made solutions on topics of market volatility, regulatory topics and risk management. Uwe Wystup is also professor for Options valuation and derivatives trading at the University of Antwerp and an honorary professor at the Frankfurt School of Finance and Management. Uwe also previously worked in various banks and also led was Head of Global Structured Risk management at Commerzbank. MathFinance is located in Frankfurt and has offices in Singapore and London.