Financial Math Programming: A new course is born

Escrito el 8 julio 2009 por Antonio Rivela Rodríguez en Uncategorized

A new course is born…

Financial Math Programming is a brand new course within MIF (Master in Finance) and MIAF (Master in Advanced Finance). Similar to the financial engineering computer-based ones in Carnegie Mellon and MIT.

The course introduces numerical methodologies and computer programming in order to solve complex financial problems.

At the end of this course, students will be proficient in Financial Excel, Visual Basic (Excel) and Octave-MatLab software.

Students will be able to include the knowledge of three software packages in their CVs which, as a result, will be very useful in order to show quantitative/programming skills to potencial financial employers: Investment Banks, Hedge Funds, etc.

All double sessions will take place in a computer laboratory.

Specific areas like Random number generation, MonteCarlo simulation, Matrices, Correlation calculations, Efficient portfolio theory or derivatives programming will be covered.

This knowledge will be greatly applied in many other courses like: Portfolio Management, Derivatives, Fixed Income, Fixed Income Derivatives, Hedge Funds, Value At Risk and many others.

In Spain many financial advisory firms like <a HREF=”http://www.netvalue.es”>NETVALUE FINANCIAL ADVISORS (www.netvalue.es)</a>, ANALISTAS FINANCIEROS INTERNACIONALES (www.afi.es) o SUPERDERIVATIVES (www.superderivatives.com) use MATLAB in order to value structured products and derivatives.



Excel has become the financial tool of choice.


Like the BASIC programming language, Microsoft Visual Basic (Excel) was designed to be easy to learn and use. The language not only allows programmers to create simple GUI applications, but can also develop complex applications. Programming in VB is a combination of visually arranging components or controls on a form, specifying attributes and actions of those components, and writing additional lines of code for more functionality. Since default attributes and actions are defined for the components, a simple program can be created without the programmer having to write many lines of code. Performance problems were experienced by earlier versions, but with faster computers and native code compilation this has become less of an issue.


MATLAB is a numerical computing environment and fourth generation programming language. Developed by The MathWorks, MATLAB allows matrix manipulation, plotting of functions and data, implementation of algorithms, creation of user interfaces, and interfacing with programs in other languages. Although it is numeric only, an optional toolbox uses the MuPAD symbolic engine, allowing access to computer algebra capabilities. An additional package, Simulink, adds graphical multidomain simulation and Model-Based Design for dynamic and embedded systems. OCTAVE is a free software 100% compatible with MatLab.

I hope you like this brand new course !


Yanuar Ashari 12 septiembre 2009 - 13:21

I’ve never using any matlab programme before nor the visual basic. Hoped that it won’t as tough as it seems.

meysam(Iran) 28 diciembre 2009 - 20:02
Mike Indra 26 enero 2010 - 03:27

The Visual Basic (Excel) is using VBA Script which I think is kind of hard?
Naruto Kunai

bm 10 octubre 2010 - 02:53

an interesting subject and course


alisha 29 noviembre 2010 - 18:26

Wow! I have heard about Computational mathematics to solve industrial problem mathematically using matlab. This is new course. Thanks for giving information on this new program.


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haber memur 6 febrero 2016 - 14:25

very nice, an interesting subject and course

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