Mathematical tools for studying finance
FinancialMathematics, also known as mathematical finance, mathematical finance and analytical finance, uses mathematical tools to study finance, and makes quantitative analysis such as mathematical modeling, theoretical analysis and numerical calculation, so as to discover the inherent laws of finance and guide practice.
Emerging interdisciplinary subjects
Financial mathematics can also be understood as the application of modern mathematics and computing technology in the financial field. Therefore, financial mathematics is a new interdisciplinary subject, which develops rapidly and is one of the most active frontier disciplines at present.
Use advanced mathematics and communication tools
Narrow financial engineering mainly refers to the use of advanced mathematics and communication tools, on the basis of existing basic financial products, to carry out different forms of combination decomposition, in order to design new financial products that meet customer needs and have specific profit and loss characteristics.
Technical development to solve financial problems
In a broad sense, financial engineering refers to all technical development that uses engineering means to solve financial problems, including not only financial product design, but also financial product pricing, trading strategy design, financial risk management and other aspects.