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> Financial Computing
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Financial Computing
Note:
Whilst every effort is made to keep the syllabus and assessment records correct
for this course, the precise details must be checked with the lecturer(s).
| Code: | 6006 |
| Year: | 2 or 3 |
| Prerequisites: | Students are expected to have a strong foundation in personal computing skills. |
| Term: | 2 |
| Taught By: | Philip Treleaven (Course Director) (20%)
Guest lecturers and other staff (80%)
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| Aims: | The module aims to provide students considering careers in Investment Banking (such as Analysts, Traders and to a lesser extent, IT specialists) with an in-depth understanding of financial services and significant computing and statistical skills. Content will include: Introduction to Investment Banking, Financial Instruments, Financial Software Systems and IT used in banking. It will introduce students to the UK Financial Services industry and Financial Instruments. The module will contain a major practical element involving financial modelling and the use of software packages common to the Financial Services industry. |
| Learning Outcomes: | On completing the module, the successful student should: (1) have developed the technological aspects of financial computing to the point where they will have a head start in the financial services job market. (2) have a complete and up-to-date knowledge of financial services and related software. The module also aims to help students with the following practical and transferable skills: (a) communicate effectively in writing (b) improve knowledge of financial services and instruments, and financial software (c) use databases, digital resources and word-processing programmes (d) listen and discuss ideas introduced during lectures (e) practice research techniques in a variety of specialised research libraries and institutes. |
Content:
| Investment Banking | Banking, Stock broking, Insurance
Investment Banking and Capital Markets
Financial Instruments
Front, Middle and Back Office
Concept of Market
Pricing, Settlement |
| Financial Modellingt | Spreadsheets
Visual Basic |
| Basic Computing Technology | Databases
XML
Communications and Networks |
| Risk Management and Control | Risk
Controls
Monitoring |
Method of Instruction:
Lecture presentations.
Assessment:
The course has the following assessment components:
- Written Examination (2.5 hours, 70%)
- Coursework Section (3 pieces, 30%)
To pass this course, students must:
- Obtain an overall pass mark of 40% for all sections combined
The examination rubric is:
The unseen written examination will consist of a Multiple Choice Question Paper.Resources:
S R Pliska, Introduction to Mathematical Finance-Discrete Time Models, Blackwell, 1997, ISBN 1-55786945-6
J. C. Hull, Options, Futures and other Derivatives, Prentice Hall, 1989, ISBN 013-264367-7
Cornelis A.Los, Computational Finance: A Scientific Perspective
Jessica Keyes (Ed.) Handbook of Technology in Financial Services
Understanding the Markets (Securities Institute Global Capital Markets
Yannis Avgerinos, Regulating and Supervising Investment Services in the European Union
Tony Plummer, Forecasting Financial Markets
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