(Vocus) June 30, 2010
Uppsala University, one of Northern Europe’s most highly ranked universities, is to incorporate SunGard’s Front Arena, a global capital markets solution, into its Financial Maths Masters Program.
As part of the course, Front Arena will be used to show how the pricing of options is carried out in “real life” scenarios as well as in an integrated bank environment. The solution will be part of a course in which students will use Front Arena’s existing models. As students progress through their course of study, they will also be able to use Front Arena to build their own models or modify existing models.
Håkan Lanshammar, Professor and Head of the Department of Information Technology at Uppsala University, said: “We know that the link between theory and real life is important in enhancing the learning process and preparing students for their future careers in financial services. We are therefore delighted to be able to offer students first-hand insight not only into generic methods and algorithms, but also into commercial software."
Christian Kromann, general manager, Nordic, for SunGard’s capital markets business, said, “A thorough knowledge of mathematical models has become a must for the traders of the future, whether for modeling products in terms of risk and price calculation or applying advanced algorithms for competitive high frequency trading. By providing Uppsala University with the Front Arena solution, SunGard is able to contribute to the educational program and help prepare potential options traders of the future.”
About Uppsala University
Uppsala University is an internationally prominent research university that is a world leader in many areas. The University offers both breadth and depth in its subject areas. With a tradition of research and education stretching back over 500 years, Uppsala University is constantly seeking new approaches. The University’s tradition of renewal is one of its strengths.
Uppsala University is made up of dynamic and independent disciplines at nine faculties. The faculties support and complement each other. They create conditions for multi-disciplinary research and education. Teachers who are active in research help channel a constant flow of knowledge that is a source of renewal for our courses. The students benefit from the University’s quality and diversity through the rich educational environment and the many choices available to them in each field of study. http://www.uu.se/en
About the course
The use of complicated mathematical models has increased substantially in the discipline of financial economics. By using these models one can study and simulate financial markets, e.g. the value of options, stocks and other security papers. To do so, computers and numerical methods are used. This course covers the numerical methods that are used within financial mathematics. Although the course is about methods in financial mathematics, the methods that are covered are used more generally. Thus, what you learn in the course can be used not only in the financial area, but in other areas as well. Use of commercial software as well as more theoretical parts are both included in the course. Examples of computational methods that are covered are Monte Carlo methods and methods based on so called finite differences.
About Front Arena
SunGard's Front Arena is a global capital markets solution that delivers position control across multiple asset classes and business lines. Integrating sales and distribution, trading and risk management, and settlement and accounting, Front Arena helps capital markets businesses around the world improve performance, transparency and automation. Find out more at http://www.sungard.com/frontarena
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company.
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