Financial mathematics is the branch of applied mathematics concerned with the financial markets. The subject naturally has a close relationship with the discipline of financial economics, however the subject is narrower in scope and more abstract. A central difference is that whilst a financial economist might study the structural reasons why a company may have a certain share price, a mathematician may take the share price as a given, and attempt to use stochastic calculus to obtain the fair value of derivatives of the stock.
Financial mathematics articles
Mathematical tools
Derivatives pricing
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External links
- ISDA.org - The International Swaps and Derivatives Association
- Quantitative Mathematics Glossary - a guide to derivatives and risk terminology from Global-Derivatives
- Quantnotes.com - introductory articles covering mathematical finance
- technical notes covering derivatives and related material, Prof. Don M. Chance
- rmetrics.org - A R based environment for teaching financial engineering and computational finance
- finmath.com - Financial Mathematics Reading List
- Moneyscience.org - An open-access resource for academics and practitioners working in finance and economics, physics, applied mathematics and computing.
- Riskglossary.com - an online glossary, encyclopedia, and resource locator
- Option Tutor - a visual presentation of modern option pricing theory
- Riskworx.com - discussion of the application and theory of derivatives