International Association Of Financial Engineers - IAFE

AAA

DEFINITION of 'International Association Of Financial Engineers - IAFE'

A not-for-profit, professional society dedicated to promoting the field of quantitative finance by providing platforms to discuss current and fundamental issues in the profession. The International Association of Financial Engineers was founded in 1992 and is comprised of academics and professionals from banks, broker dealers, hedge funds, pension funds, asset managers, technology firms, regulators, accounting, consulting and law firms, and universities worldwide.


Members of the IAFE have access to members-only content on the organization's web site; access to IAFE Committees (area-specific initiatives to discuss policy issues in depth, including investor risk, operational risk, technology and education); attendance to IAFE evening forums; and discounts to certain industry journals and IAFE endorsed conferences.

INVESTOPEDIA EXPLAINS 'International Association Of Financial Engineers - IAFE'

Financial engineering is a cross-disciplinary field that utilizes computational intelligence, mathematical finance and statistical modeling, to analyze and predict market activity in order to make more informed investing, trading and hedging decisions. Risk management is a key aspect of financial engineering and practitioners attempt to calculate the financial risk posed by specific investments. Financial engineers are often referred to as "quants" because of the quantitative skills required of the profession. Financial engineers are typically well-versed in the C++ programming language and math subfields, including stochastic calculus, multivariate calculus, linear algebra, differential equations, probability theory and statistical inference.


Also called computational finance.

RELATED TERMS
  1. Quantitative Analysis

    A business or financial analysis technique that seeks to understand ...
  2. Paraplanning

    A relatively new position within the financial planning industry ...
  3. Financial Plan

    A comprehensive evaluation of an investor's current and future ...
  4. Accredited Advisor In Insurance ...

    An advanced professional designation earned by insurance producers ...
  5. Financial Engineering

    The use of mathematical techniques to solve financial problems. ...
  6. Financial Planner

    A qualified investment professional who helps individuals and ...
Related Articles
  1. Financial Career Options For Professionals
    Professionals

    Financial Career Options For Professionals

  2. Qualitative Analysis: What Makes A Company ...
    Active Trading

    Qualitative Analysis: What Makes A Company ...

  3. Financial Professionals: The Benefits ...
    Professionals

    Financial Professionals: The Benefits ...

  4. Buy Side Vs. Sell Side Analysts
    Professionals

    Buy Side Vs. Sell Side Analysts

comments powered by Disqus
Hot Definitions
  1. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold ...
  2. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  3. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  4. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  5. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  6. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
Trading Center