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FRE 6071
Derivatives, Financial Markets and Technology
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Basic derivatives including futures contracts, forward contracts, option contracts, and swap contracts; the use of these instruments by financial institutions; basic valuation; use of derivatives for speculation, hedging, and arbitrage; the specifics of the contracts and the markets in which they trade. The main focus is to give students in the Financial Information Services and Technology track a general understanding of the derivatives market and risk management.
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FRE 6131
Clearing, Settlement and Operational Risk
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Bilateral vs. Multilateral clearing. Gross vs. Net settlement. Centralized vs. Distributed ("blockchain") ledgers. The role played by clearing houses and systemically important financial market utilities (SIFMUs). Qualitative and quantitative measures of operational risk.
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FRE 6153
Foundations of Financial Technology and Services
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Financial Institutions spend billions per year to exploit the latest development in information technology. This course introduces a framework with which to understand and leverage information technology. The technology components covered include telecommunications, groupware, imaging and document processing, artificial intelligence, networks, protocols, risk, and object-oriented analysis and design. the course also covers the entire technological-planning process specifically for financial institutions.
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FRE 6191
Advanced
Topics in Financial Technology
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In-depth treatment of advanced topics in this rapidly changing field. Students will prepare and present case studies applying the concepts covered in class.
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FRE 6431
Electronic Market Design
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Design and analysis of electronic markets using economics, game theory, auction theory, AI, and theoretical computer science. Applications include automated negotiation for ecommerce, resource allocation in grid computing, best execution.
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FRE 6771
Financial Optimization
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Financial optimization in asset allocation; security selection; currency hedging; risk management. Modeling and problem solving using state of the art optimization systems specified with algebraic modeling languages.
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FRE 6791
Operational Risk Measurement and Management
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Risks, exposures, and controls; the effects of transaction processing, liquidity management, organizational structure, personnel, and compliance on the nature of operational risk. Qualitative and quantitative measures of operational risk.
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FRE 7211
Forensic Financial Technology and Regulatory Systems
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The goal of this course is to understand the technology behind financial forensics and regulatory systems.
These include innovative database techniques ("dataveillance"), artificial intelligence, data mining, and
non-parametric outlier methods used by the Secuities Exchange Commission (SEC), the Financial Industry Regulatory
Authority (FINRA), as well as the FBI, and other federal and state agencies.
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FRE 7251
Algorithmic Trading & High-Frequency Finance
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The goal of this course is to survey several algorithmic strategies used by financial
institutions and to understand their implementation in the context of order management systems and
standard financial protocols.
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FRE 7261
News Analytics & Strategies
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The fast growing field of news analytics requires large databases, fast computation, and robust
statistics. This course introduces the tools and techniques of analyzing news,how to quantify
textual items based on, for example, positive or negative sentiment, relevance to each stock,
and the amount of novelty in the content. Applications to trading strategies are discussed.
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FE x682
Empirical
Methods in Finance
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How
to estimate the parameters used in valuation and
other financial models. Multivariate regression and stationary
time series in the traditional
ARIMA framework; AFRIMA and GARCH; tests for trends and
unit roots; estimation and forecasting;
measuring the performance of forecasts; evaluation of
trading strategies; Value at Risk (VAR) models.
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Professor Freedman's Course Resources