Options: An Introduction
Options are one of the basic building blocks in finance. A combination of options with other products allows almost infinite customization possibilities for hedgers, investors, traders, and speculators. This course outlines the basic structures and terminology associated with options, and how they are traded and settled. The course also discusses the main components of option […]
Payments: An Introduction
New technologies, changing consumer behavior, and the opening up of the payments market to nonbanks has given rise to a global PayTech industry. With traditional bank incumbents under pressure from a host of nonbank operators, an exciting but more complex payments marketplace has emerged. This course provides a high-level overview of that marketplace.
Pagos: Sistemas
Traditionally, retail banks controlled the transfer of payments between customers. However, with the arrival of the Internet and e-commerce, combined with regulatory initiatives to open the payments markets to nonbanks, the payment landscape is changing greatly. Further, technological advancements are allowing all participants to accelerate the clearing and settlement of payments, particularly with large payments […]
Pensiones y jubilación
Around the world, aging populations are straining retirement systems. Both government and private retirement funds face significant challenges in providing individuals with a comfortable old age. Retirement industry participants are turning to new models, funding structures, and regulatory regimes to address these challenges. This course provides a high-level overview of the retirement industry and highlights […]
Quantitative Trading: Data and Machine Learning (ML)
Analysts developing data models face a number of key data challenges, including biases – such as confirmation and availability biases – bad data, and model inaccuracies. One key type of data model, known as machine learning, allows the user to query the model for answers to simple questions. This course provides an overview of major […]
Quantitative Trading: Portfolio Construction
This course looks at the key concepts and issues associated with constructing a portfolio of assets, particularly the crucial role of Modern Portfolio Theory (MPT) and correlation among portfolio assets.
Swaps: An Introduction
Originating in the 1970s, swaps were once small, heavily structured, transactions. Today, they have developed into commoditized products that dominate derivatives markets around the globe. This course looks at the key types of swap, namely interest rate swaps, equity index swaps, and credit default swaps. The role of standardization, clearing, netting, and compression in swaps […]
Swaps: Bootstrapping Zero Curves
A number of key changes to the swaps market since the global financial crisis has meant that a multi-curve approach is required for swap pricing. This course looks at the curve bootstrapping process in such an environment.
Swaps: Currency Swaps
A currency swap is a transaction that involves the exchange of principal and interest payments based on two different currencies. This course looks at the main structures used with currency swaps and provides realistic examples of the uses of these instruments.
Swaps: Sensitivities and Risk Management
The fixed and floating side of an interest rate swap have separate sensitivities to movements in interest rates. This tutorial looks at key sensitivity measures such as dollar duration and Dollar Value per 01 (DV01) and also looks at the sensitivities of index and discounting curves to rate movements.