What is quantitative finance?

dc.contributor.author	Swart B.	en
dc.contributor.author	Venter A.	en
dc.date.accessioned	2012-11-01T16:31:33Z
dc.date.available	2012-11-01T16:31:33Z
dc.date.issued	2006	en
dc.identifier.citation	South African Journal of Science	en
dc.identifier.citation	102	en
dc.identifier.citation	04-Mar	en
dc.identifier.issn	382353	en
dc.identifier.uri	http://hdl.handle.net/10500/7345
dc.description.abstract	THERE HAS BEEN AN EXPLOSION OF activity in financial mathematics and financial engineering worldwide. It is a dynamic multidisciplinary field which received a major impetus in 1973 with the work of Fisher Black, Myron Scholes and Robert Merton. The modelling of derivative instruments, bonds, credit risk and other financial processes with the aid of mathematics, probability theory and statistics, is of increasing importance. Mathematical finance has become the basis of an enormous financial industry with a huge impact on global economics. This article gives an overview of the history and basic concepts of quantitative financial analysis.	en
dc.language.iso	en	en
dc.subject	finance; mathematical theory; modeling; probability; statistical concept; Myron	en
dc.title	What is quantitative finance?	en
dc.type	Review	en