2013-03-13 Computational Finance Mark Bennett
Admission: Free, General Admission, open to the public
Simulation is of utmost importance in the dynamic field of Computational Finance. The seminal founders such as Sharpe, Merton, Black and Scholes formulated theories in the late 1900s which allowed financial market processes to be understood on a formal basis. These theories play out every day in time-critical fashion as investors, speculators, and producers of valued securities and commodities trade across the globe.
This talk is intended to convey the flavor of the field, incorporating skills in diverse areas such as statistics, hardware, and programming languages. Computational Finance includes the areas of super-computing, numerical analysis, machine learning, computer networking and large datasets. These are applied to engineer the transactions and risk flow from counterparties to exchanges, but Monte Carlo simulation lies at the heart of understanding the field.
Dr. Mark Bennett has held software positions at Argonne National Laboratory, Unisys, AT&T Bell Laboratories, Northrop Grumman, XR Trading and Bank of America-Merrill Lynch. He holds a B.S. Cum Laude from the University of Iowa, an M.S. from the University of Southern California, and a Ph.D. from UCLA all in Computer Science.
While there will be light refreshments available, feel free to "brown bag" it and bring in food from the outside to eat during the social hour.