аЯрЁБс>ўџ 13ўџџџ0џџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџьЅС@ №ПћbjbjюFюF "Œ,Œ,ћ џџџџџџˆЮЮЮЮЮЮЮт****> тЛіV(~~~~~~~:<<<<<<$БR J`Юь~~ьь`ЮЮ~~uђђђьšЮ~Ю~:ђь:ђђЮЮђ~J АщфИИ•Ш*†:ђ:‹0ЛђM РM ђттЮЮЮЮM ЮђH~LЪ6ђ,,Р~~~``тт$$мтт A. Math Club Meeting #5 When Tuesday, 4/8/2008 7-8 pm (with question and answer session to follow) Where: G 202 Food: Pizza ------------------------------------------------------------- B. Agenda and New Items: 1. Guest Speaker! Recent 69ЩЋЧщЪгЦЕ Graduate with a Degree in Mathematics!! Who: Arindam A Kundu Company: Deutsche Bank Global Credit Trading Topic:The Wizards of Wall Street Questions to be answered: What is Financial Mathematics? What do they do? Why do they do what they do? What kind of academic background do I need to get there?  **For further information and Full abstract See Below** ------------------------------------------------------------- C.               The Wizards of Wall Street What is Financial Mathematics? Financial Mathematics also known as Quantitative Finance / Financial Engineering / Computational Finance is a field of applied mathematics and computer science used to solve challenging problems in the financial markets. What do they do? Practitioners of this field also known as Quants on Wall Street use different fields of mathematics such as calculus, linear algebra, probability, statistics, partial differential equations and stochastic calculus to model derivatives in the markets. Derivates are financial instruments or contracts that get their prices from other assets. Modeling derivatives could be extremely complex at times and requires using statistical packages such as Matlab, SPlus, Excel and programming languages such as C++, Java, C# to name just a few. Why do they do what they do? 1. Applying mathematics to a field of interest (in this case Finance) 2. Applying computer science to solve challenging computational problems (Algorithmic Trading) 3. Lucrative profession: Experienced professionals in this field make more money annually than CEO’s of Fortune 500 companies. Google: James Simons, David Shaw, Neil Chriss, Steve Cohen What kind of academic background do I need to get there? 1. Mathematics & Physics PhD’s 2. Computer Science graduates 3. Financial Engineering Masters program graduates 4. Solid background in mathematics and computer science at undergraduate level 5. MBA or PHD in Finance ------------------------------------------------------------- D.More about Math Club: ~~ Student attendance at meetings is what's needed most for making the club vibrant and full of ideas and activities.             ~~ All math majors are welcome at the meetings! ~~ Non-math majors and first time attendees welcome! ~~ Bring a friend, if you'd like! Come, join the discussion, voice your opinions, make a difference, or just listen and learn. ~~ For the math club web site, visit  HYPERLINK "https://mail.ramapo.edu/wm/mail/fetch.html?urlid=68adfec7bf902bccabd5c9199e485dac4&url=http%3A%2F%2Fphobos.ramapo.edu%2Fmajors%2Fmathematics%2FAvailableAtRamapo%2FMathClub20072008.htm" \t "_blank" http://phobos.ramapo.edu/majors/mathematics/AvailableAtRamapo/MathClub20072008.htm ~~ For some information helpful to math majors, visit the math convening group website at  HYPERLINK "https://mail.ramapo.edu/wm/mail/fetch.html?urlid=68adfec7bf902bccabd5c9199e485dac4&url=http%3A%2F%2Fphobos.ramapo.edu%2Fmajors%2Fmathematics%2F" \t "_blank" http://phobos.ramapo.edu/majors/mathematics/ ~~ Note: the actual meeting time is 1:05 -1:55 pm. ~~ In Spring 2008 Math Club meets every two weeks on Tuesdays. ~~ If you have any questions, contact the math club advisors, Dr. Katarzyna Potocka at kpotocka@ramapo.edu or Dr. Ken McMurdy at kmcmurdy@ramapo.edu 59fgtu‚РСкм, . 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