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Phelim Boyle
Phelim P. Boyle (born 1941), is an Irish economist and distinguished professor and actuary, and a pioneer of quantitative finance. He is best known for initiating the use of Monte Carlo methods in option pricing. Biography Born on a farm in Lavey, County Londonderry, Northern Ireland, Phelim Boyle attended Dreenan School, Garron Tower and Queen's University Belfast (B.Sc.) He earned his M.Sc. in 1966 and PhD in 1970 applied mathematics, specialising in physics, from Trinity College, Dublin. He is a professor of finance in the Laurier School of Business & Economics at Wilfrid Laurier University in Canada. Until June 2006 he held the J Page R Wadsworth Chair at the University of Waterloo. He is the founder of the Master of Quantitative Finance (MQF) program there. Additional to his contributions to quantitative finance, he has published papers on actuarial science and demography. Together with his son, Feidhlim Boyle, he authored ''Derivatives: the Tools that Changed Financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Ireland
Northern Ireland ( ga, Tuaisceart Éireann ; sco, label= Ulster-Scots, Norlin Airlann) is a part of the United Kingdom, situated in the north-east of the island of Ireland, that is variously described as a country, province or region. Northern Ireland shares an open border to the south and west with the Republic of Ireland. In 2021, its population was 1,903,100, making up about 27% of Ireland's population and about 3% of the UK's population. The Northern Ireland Assembly (colloquially referred to as Stormont after its location), established by the Northern Ireland Act 1998, holds responsibility for a range of devolved policy matters, while other areas are reserved for the UK Government. Northern Ireland cooperates with the Republic of Ireland in several areas. Northern Ireland was created in May 1921, when Ireland was partitioned by the Government of Ireland Act 1920, creating a devolved government for the six northeastern counties. As was intended, Northern Ireland ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Waterloo
The University of Waterloo (UWaterloo, UW, or Waterloo) is a public research university with a main campus in Waterloo, Ontario Waterloo is a city in the Canadian province of Ontario. It is one of three cities in the Regional Municipality of Waterloo (formerly Waterloo County). Waterloo is situated about west-southwest of Toronto. Due to the close proximity of the ci ..., Canada. The main campus is on of land adjacent to "Uptown" Waterloo and Waterloo Park. The university also operates three satellite campuses and four affiliated school, affiliated university colleges. The university offers academic programs administered by six faculties and thirteen faculty-based schools. Waterloo operates the largest post-secondary co-operative education program in the world, with over 20,000 undergraduate students enrolled in the university's co-op program. Waterloo is a member of the U15 Group of Canadian Research Universities, U15, a group of research-intensive universities in Canada. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Living People
Related categories * :Year of birth missing (living people) / :Year of birth unknown * :Date of birth missing (living people) / :Date of birth unknown * :Place of birth missing (living people) / :Place of birth unknown * :Year of death missing / :Year of death unknown * :Date of death missing / :Date of death unknown * :Place of death missing / :Place of death unknown * :Missing middle or first names See also * :Dead people * :Template:L, which generates this category or death years, and birth year and sort keys. : {{DEFAULTSORT:Living people 21st-century people People by status ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of University Of Waterloo People
The University of Waterloo, located in Waterloo, Ontario, Canada, is a comprehensive public university that was founded in 1957 by Drs. Gerry Hagey and Ira G. Needles. It has grown into an institution of more than 42,000 students, faculty, and staff. The school is notable for being the first accredited university in North America to create a Faculty of Mathematics, which is now the world's largest, and to have the largest cooperative education program in the world. The school is also known for having more companies formed by its faculty, students, and alumni than any other Canadian university, and as such, the university has been called the "Silicon Valley of the North". The list is drawn from notable faculty, alumni, staff, and former university presidents. The enrollment for 2020 was 36,057 undergraduate and 6,231 graduate students, with 1,350 faculty members and 2,596 staff. About 221,000 people have graduated from the university, and now reside in over 150 countries. Alum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ton Vorst
Antonius Cornelis Franciscus (Ton) Vorst (born 1952, Utrecht) is a Dutch financial engineer and mathematician, Professor at the department of Finance of the Vrije Universiteit in Amsterdam, and Director of the VU Amsterdam School of Finance and Risk Management. Biography Vorst received his PhD in Mathematics in 1978 from the University of Utrecht for the thesis "Kn-regular curves" under the supervision of Jan Rustom Strooker and Wilberd van der Kallen. In the early 1980s, Vorst started his academic career as a researcher at the Econometric Institute of the Erasmus University Rotterdam, where he was appointed Professor in Finance in 1989. With Harm Bart, he was Co-Director of the Econometric Institute from 1992 to 1998 as successor of Teun Kloek, and they were succeeded by Herman K. van Dijk. From 2000 to 2009, he was Executive Vice President of ABN AMRO, which was partly sold to The Royal Bank of Scotland Group in 2007. In 2006, he was also appointed Professor at the department ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Option (finance)
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset and have a valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in ''over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An option is a contract that allows the holder the right to buy or sell an underlying asset or financial instrument at a specified strike ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Option (finance)
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset and have a valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in ''over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An option is a contract that allows the holder the right to buy or sell an underlying asset or financial instrument at a specified strike ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trinomial Tree
The trinomial tree is a lattice-based computational model used in financial mathematics to price options. It was developed by Phelim Boyle in 1986. It is an extension of the binomial options pricing model, and is conceptually similar. It can also be shown that the approach is equivalent to the explicit finite difference method for option pricing. For fixed income and interest rate derivatives see Lattice model (finance)#Interest rate derivatives. Formula Under the trinomial method, the underlying stock price is modeled as a recombining tree, where, at each node the price has three possible paths: an up, down and stable or middle path. These values are found by multiplying the value at the current node by the appropriate factor u\,, d\, or m\, where : u = e^ : d = e^ = \frac \, (the structure is recombining) : m = 1 \, and the corresponding probabilities are: : p_u = \left(\frac\right)^2 \, : p_d = \left(\frac\right)^2 \, : p_m = 1 - (p_u + p_d) \,. In the above formulae ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Society Of Canada
The Royal Society of Canada (RSC; french: Société royale du Canada, SRC), also known as the Academies of Arts, Humanities and Sciences of Canada (French: ''Académies des arts, des lettres et des sciences du Canada''), is the senior national, bilingual council of distinguished Canadian scholars, humanists, scientists and artists. The primary objective of the RSC is to promote learning and research in the arts, the humanities and the sciences. The RSC is Canada's National Academy and exists to promote Canadian research and scholarly accomplishment in both official languages, to recognize academic and artistic excellence, and to advise governments, non-governmental organizations and Canadians on matters of public interest. History In the late 1870s, the Governor General of Canada, the Marquis of Lorne, determined that Canada required a cultural institution to promote national scientific research and development. Since that time, succeeding Governor Generals have remained involved w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SunGard
SunGard was an American multinational company based in Wayne, Pennsylvania, which provided software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company. The name of the company originally was an acronym which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard was ranked at 480th in the U.S. Fortune 500 list in the year 2012. In August 2005, the company was acquired by seven private equity firms for $11.3 billion and de-listed from the NYSE. SunGard was one of the title sponsors of the pro cycling team until the end of 2011. In August 2015, FIS announced that it had signed a definitive agreement to acquire SunGard. Business SunGard provided software and processing for financial services, K-12 and Higher Education, and the public sector. It also provided continuity-assurance and production d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Association Of Financial Engineers
The International Association for Quantitative Finance (IAQF), formerly the International Association of Financial Engineers (IAFE), is a non-profit professional society dedicated to fostering the fields of quantitative finance and financial engineering. The IAQF hosts several panel discussions throughout the year to discuss the issues that affect the industry from both academic and professional angles. Since it was established in 1992, the IAQF has expanded its reach to host events in San Francisco, Toronto, Boston, and London. Fischer Black Memorial Foundation The educational arm of the IAQF is the Fischer Black Memorial Foundation (FBMF). While the IAQF focuses on the profession of financial engineering, the FBMF aims to expose students to the financial engineering field and help them work towards a career in the industry. Financial engineering is often underrepresented on university campuses and the FBMF tries to bridge the gap between academia and the professional world. The m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Actuarial Association
The International Actuarial Association (IAA) is a worldwide association of local professional actuarial associations. History The IAA is the continuation of the ''Comité Permanent des Congrès d’Actuaires'', established in 1895, as an association of individuals. It was renamed the IAA in 1968. At the 26th International Congress of Actuaries, held in Birmingham on 7–12 June 1998, the General Assembly of the International Actuarial Association restructured itself. The restructure created a single unified framework to ensure unity of direction and efficient coordination with respect to issues of a worldwide nature. The major responsibilities of the IAA are now in the hands of the actuarial associations, which bring together the actuaries in their respective countries and is the link between the actuaries and the actuarial associations worldwide. The IAA is the unique international organization dedicated to the research, education and development of the profession and of actua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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